Historical Office Sale Listing - 1430 Enclave Parkway

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1430 Enclave Parkway

1430 Enclave Parkway, Houston, TX 77077

N/A

312,564 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
312,564 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7%
Occupancy:
100%
No. Stories:
6
Building Class:
A
Tenancy:
Single
Year Built:
1994
Lot Size:
9.63 AC
Parking Ratio:
4.70 / 1,000 SF
Listing ID
15838147
Last Updated
over 1 year ago

Highlights

  • Energy Corridor Submarket location - one of Houston's best performing submarkets
  • Poured in-place concrete and pre-cast concrete parking garage. Building is fully sprinklered and fully ADA compliant
  • Corporate campus environment with nearby tenants that include Sysco, Cabot Oil & Gas, Citco, Cardinal Healthcare and Gulf States Toyota
  • Energy Corridor Class A occupancy is 93.9% with average rents of $29.42 per square foot, a 25% increase over the last 12 months.

Description

The Property, which was developed by Simmons Vedder & Co. in 1994, features Class A finishes throughout and distinctive architecture with flexible and efficient floor plates able to accommodate full floor and multi-tenant users. 1430 Enclave is 100% occupied by The Shaw Group under a new 10-year lease that expires December 31, 2018. The Shaw Group, which is a Fortune 500, public traded company on the New York Stock Exchange (NYSE: SGR), has a credit rating of BB+ by Standard & Poor' s and had a year end 2007 market cap of $5.3 billion.

1430 Enclave Parkway is the premier office building in the prestigious Enclave office park, well-located within Houston' s Energy Corridor office submarket. The Property is situated on a wooded 9.63 acre site, providing a serene park-like setting for tenants. 1430 Enclave is located in the Energy Corridor' s most prestigious office park Enclave. Enclave is a 100-acre controlled development consisting of Class A office buildings in campus settings. Enclave offers easy access to Interstate Highway 10, Westpark Tollway and Beltway 8, with easy commutes to both Houston airports, and a strategic location near the affluent Memorial area residential neighborhoods.

Map of 1430 Enclave Parkway, Houston, TX 77077 (Harris County)

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