102 Oak Park Dr
Clute, TX 77531
Office Property For Sale

“Marcus & Millichap is pleased to present 102 Oak Park Drive. It is located in Clute, Texas. The property is approximately 50 miles south of Houston, Texas. This property offers an excellent opportunity for an owner/user to acquire a well maintained two-story office building that was built in 1983. The 13,224 square foot brick building is situated on 1.05 acres and is currently 28 percent leased by Lone Star Legal Aid whose lease expires on August 31, 2019. The building’s highlights include ample parking, the current in-place tenant, and finally, the building’s premier location. There are a total of 58 parking spaces on the property offering a competitive parking ratio of 4.39/1000 square feet. The building’s current vacant space allows an owner/user to occupy the majority of the building while having the existing tenant conveniently cover the majority of the building’s operating expenses. Finally, the building’s location in Clute, Texas provides close proximity to the rapidly growing industrial centers of downtown Clute, Lake Jackson, and Freeport, Texas. Clute is a city in Brazoria County, Texas. It is within the Houston metropolitan area of more than 6.4 million people. The Houston MSA is the second fastest growing major MSA in the United States. In the next 10 years, there is expected to be a $30 billion of industrial investment in Brazoria County due to the petrochemical business (which contrarily benefits from cheaper oil prices making the area more stable and immune to the fluctuation of oil prices) as well as the prevalence of shale gas in the Eagle Ford Shale and Permian Basin and the strategic Gulf of Mexico port location. Dow recently announced an additional four billion dollar investment in the region including new research and development facilities, a new ethylene cracker, a new propylene plant, and more upgrades to what was already the largest chemical plant in the western hemisphere. There are other companies such as BASF, LyondellBasell and Freeport LNG also having large scale projects which could collectively add approximately 7,000 new high paying jobs to the region. 102 Oak Park offers an owner/user a rare opportunity to strategically place themselves in the heart of Clute, Texas and take advantage of this industrial boom in this premier property at well below replacement cost. The building also has close proximity to Brazosport Boulevard, a major north/south artery that runs through the heart of Clute, Texas and offers a quick, convenient commute to all of the region’s major communities’ business and industrial centers.”