Beltway Office Park

Pasadena, TX

View Agreement

Property Overview

Stats

  • Property Type Office - Office Building
  • Building size (SF) 85,530
  • Size (Ac) 5.32
  • Class B
  • Number of Stories 1 & 3
  • Year built 1985
  • Percent Leased 100%
  • Parking 3.89/1,000
  • Submarket Gulf Freeway/Pasadena

Investment opportunity

Currently 100% occupied by several strong credit tenants with a remaining weighted average lease term of +/- 3.68 years.

Strong re-lease potential as indicated by new leases, renewals, and expansions signed for all tenants since December 2018.

Assured cash flow growth through contractual rent increases in all leases.

The largest tenant, JVIC has been progressively expanding and continues to grow into the building in a market with limited office inventory. UTMB Health also recently renewed for five years at a significant rent increase.

Significant recent tenant improvements of over $850,000 completed in last several years.

Building amenities

Atrium building with skylights in the lobby

Glass-backed elevator

On-site property manager & building engineer
Card key access & security system

Manicured landscaping

Ample surface parking

Location Map

Document Center

Beltway Office Park - CA

Beltway Office Park - Flyer

Team

Darrell L. Betts, CCIM
Darrell L. Betts, CCIM
Principal, Capital Markets
Avison Young - US - TX - Houston
+1 713 515 5001
Jessica S. Alexander
Jessica S. Alexander
Project Coordinator, Capital Markets
Avison Young - US - TX - Houston
+1 832 746 7909
Austin Stacey
Austin Stacey
Financial Analyst
Avison Young - US - TX - Houston
+1 512 221 8260

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