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450 Gears Rd
Houston, TX 77067
Paragon Center I · Office Property For Sale
Investment Highlights
- Located in North Houston District at I-45 & Beltway 8
- Distinctive interlocking-octagon architecture
- Adjacent 4-level parking garage
- 12 miles to Downtown Houston | 8 miles to IAH
- Vermilion granite & bronze reflective glass exterior
- Open-air arcade and granite plaza
Executive Summary
Property Overview
Colliers International is pleased to present 450 Gears Road, a 180,030 SF Class A office building offering a compelling value-add investment opportunity in North Houston District. Positioned at the intersection of Interstate 45 and Sam Houston Parkway (Beltway 8), the property offers exceptional regional access just 12 miles from Downtown Houston and 8 miles from George Bush Intercontinental Airport (IAH).
Distinguished by its striking architecture, the building features an interlocking-octagon design with a custom vermilion granite and bronze reflective glass façade, complemented by an open-air arcade and landscaped granite plaza connecting to an adjacent four-level parking garage, a rare combination of design pedigree and functional parking ratio in the North Belt/Greenspoint market.
With current vacancy creating a below-market basis, 450 Gears Road presents a strong opportunity for an experienced investor to execute a lease-up and repositioning strategy, capturing upside as the North Belt/Greenspoint office market continues to stabilize. The offering is well suited to a value-add buyer seeking significant basis discount to replacement cost in a well-located, architecturally distinctive asset.
Property Highlights
CALL FOR PRICING
• 180,030 SF Class A office building I Land Size: ±4.51 AC (±196,586 SF)
• Located in North Houston District at I-45 & Beltway 8
• 12 miles to Downtown Houston | 8 miles to IAH
• Distinctive interlocking-octagon architecture
• Vermilion granite & bronze reflective glass exterior
• Adjacent 4-level parking garage
• Open-air arcade and granite plaza
• Significant value-add / lease-up opportunity
• Priced to reflect vacancy and repositioning upside
• Parking ratio of 2.78 / 1,000 in structured garage
• On-site management
• Building card key access and Fiber optic ready
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Security System
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 1156850000001 | Improvements Assessment | $7,755,792 |
| Land Assessment | $1,179,516 | Total Assessment | $8,935,308 |
Property Taxes
