Timberway One | 15990 N Barkers Landing Rd
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Timberway One 15990 N Barkers Landing Rd
93,578 SF 96% Leased Office Building Houston, TX 77079 For Sale
Investment Highlights
- Value-Add Opportunity Below Replacement Cost
- Premier Energy Corridor Location
- Common Long Term Tenency
- Highly Amenitized Location with Exceptional Accessibility
- Diversified Rent Roll
- Proximity to Houston's Top Employees
Executive Summary
JLL Capital Markets, on behalf of the owner, is pleased to present for sale a 100% fee simple interest in Timberway One (“the Property”), a 93,578 SF Class B office property located in the heart of the Energy Corridor submarket of West Houston, one of the hottest leasing markets in the United States. The property’s location is highly accessible to all areas of Houston with immediate access to Interstate 10 and Highway 6. The Property sits in a highly amenitized micro-market, surrounded by leading residential neighborhoods including Memorial Villages and Eldridge Oaks, as well as countless retail and dining options. Currently 92% occupied with 4.9 years of remaining lease term, Timberway One offers the opportunity to acquire a stabilized asset with additional upside via lease up at a fraction of replacement cost. The asset is well-positioned to benefit from the Energy Corridor’s exceptional leasing velocity and capture tenants in the market looking to locate West.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
93,578 SF
Building Class
B
Year Built/Renovated
1983/1997
Percent Leased
96%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
31,193 SF
Building FAR
0.63
Land Acres
3.40 AC
Zoning
None
Parking
430 Spaces (3.24 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 110
- 2,052 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 150
- 2,732 SF
- Office
- Full Build-Out
- Now
Space | Size | Space Use | Condition | Available |
1st Fl-Ste 110 | 2,052 SF | Office | Full Build-Out | Now |
1st Fl-Ste 150 | 2,732 SF | Office | Full Build-Out | Now |
1st Fl-Ste 110
Size |
2,052 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
1st Fl-Ste 150
Size |
2,732 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
PROPERTY TAXES
Parcel Number | 1149900010017 | Improvements Assessment | $5,825,305 |
Land Assessment | $2,223,510 | Total Assessment | $8,048,815 |
PROPERTY TAXES
Parcel Number
1149900010017
Land Assessment
$2,223,510
Improvements Assessment
$5,825,305
Total Assessment
$8,048,815
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Timberway One | 15990 N Barkers Landing Rd
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