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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

PROPERTY TAXES

Parcel Number
1149900010017
Land Assessment
$2,223,510
Improvements Assessment
$5,825,305
Total Assessment
$8,048,815
  • Listing ID: 32907362

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 15990 N Barkers Landing Rd, Houston, TX 77079

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