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Auction - REIT Sale | 66% Occup. | $749K NOI 1880 Dairy Ashford St
158,451 SF 66% Leased Office Building Houston, TX 77077 $1,250,000 ($8/SF)
Investment Highlights
- STARTING BID $1,250,000 | 1880 Dairy Ashford St | 66% Occupied | | $749K NOI | AUCTION DECEMBER 9-11, 2024
- 65.9% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
- Positioned on a ±5.08 Acre Parcel along S Dairy Ashford Rd and Minutes from Highway 6 South (±69K VPD), Westpark Tollway (±68K VPD), and Sam Houston
- ±158,451 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston’s Dynamic Energy Corridor Submarket
- Excellent Investment Opportunity with $748,990 NOI
- Tremendous Residential Growth Due to Opening of Grand Parkway (Highway) Which Encircles Half of Houston MSA
Executive Summary
Register to bid on Marketplace:
https://rimarketplace.com/auction/2287/reit-sale-1880-dairy-ashford-st-66-occupied-749k-noi?utm_source=costar
Marcus & Millichap is pleased to offer for sale the fee simple interest in 1880 Dairy Ashford Street, a ±158,451 SF, 65.9% occupied, multi-tenant office building located in Houston, Texas (the “Property”). This offering represents an opportunity to acquire a significant value-add office building located in west Houston’s I-10 West/Energy Corridor, one of the most active office submarkets for corporate relocations in the entire Houston MSA.
The Property sits on a 5.08-acre lot with ample covered parking. The building is located five minutes south of I-10 West aka the Katy Freeway, and ten minutes east of Highway 6 South, a six-lane major thoroughfare that connects the north part of the city with Houston’s far southwest. The Propery is in close proximity to some of Houston’s most popular and high-end hotels, retail, and entertainment venues. As of 2024, the Property’s demographics have ±390,171 individuals residing within a 5-mile radius, with an average household income of ±$83,787.
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Food Service
- Property Manager on Site
- Security System
- Natural Light
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
11,146 square feet of spacious office space available for lease.
3,724 square feet of spacious office space available for lease.
716 square feet of office space available for lease.
1,134 square feet of office space available for lease.
2,181 square feet of office space available for lease.
1,218 square feet of office space available for lease.
2,248 square feet of office space available for lease.
1,282 square feet of office space available for lease.
3,298 square feet of office space available for lease.
1,325 square feet of office space available for lease.
1,563 square feet of office space available for lease.
902 square feet of office space available for lease.
451 square feet of office space available for lease.
2,080 square feet of office space available for lease.
2,757 square feet of office space available for lease.
3,610 square feet of office space available for lease.
1,022 square feet of office space available for lease.
753 square feet of office space available for lease.
2,885 square feet of office space available for lease.
4,537 square feet of office space available for lease.
535 square feet of office space available for lease.
713 square feet of office space available for lease.
1,293 square feet of office space available for lease.
6,274 square feet of office space available for lease.
1,167 square feet of office space available for lease.
2,615 square feet of office space available for lease.
1,725 square feet of office space available for lease.
1,993 square feet of office space available for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 180 | 11,146 SF | Office | Full Build-Out | Feb 2025 |
| 2nd Fl-Ste 226 | 3,724 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 228 | 716 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 234 | 1,134 SF | Office | Shell Space | Now |
| 2nd Fl-Ste 239 | 2,181 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 240 | 1,218 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 2,248 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 270 | 1,282 SF | Office | - | Now |
| 3rd Fl-Ste 310 | 3,298 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 325 | 1,325 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 340 | 1,563 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 350 | 902 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 375 | 451 SF | Office | - | Now |
| 4th Fl-Ste 402 | 1,455 SF | Office | - | Now |
| 4th Fl-Ste 405 | 2,080 SF | Office | - | Now |
| 4th Fl-Ste 410 | 2,757 SF | Office | - | Feb 2025 |
| 4th Fl-Ste 424 | 3,610 SF | Office | - | Now |
| 5th Fl-Ste 520 | 1,022 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 530 | 753 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 539 | 2,885 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 545 | 4,537 SF | Office | - | Jun 2025 |
| 5th Fl-Ste 556 | 535 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 580 | 713 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 600 | 1,293 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 630 | 6,274 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 640 | 1,167 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 650 | 2,615 SF | Office | Full Build-Out | 30 Days |
| 6th Fl-Ste 682 | 1,725 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 685 | 1,993 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 180
| Size |
| 11,146 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Feb 2025 |
2nd Fl-Ste 226
| Size |
| 3,724 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 228
| Size |
| 716 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 234
| Size |
| 1,134 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 239
| Size |
| 2,181 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 1,218 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 2,248 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 270
| Size |
| 1,282 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 310
| Size |
| 3,298 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 325
| Size |
| 1,325 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 340
| Size |
| 1,563 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 350
| Size |
| 902 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 375
| Size |
| 451 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 402
| Size |
| 1,455 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 405
| Size |
| 2,080 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 410
| Size |
| 2,757 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Feb 2025 |
4th Fl-Ste 424
| Size |
| 3,610 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
5th Fl-Ste 520
| Size |
| 1,022 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 530
| Size |
| 753 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 539
| Size |
| 2,885 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 545
| Size |
| 4,537 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Jun 2025 |
5th Fl-Ste 556
| Size |
| 535 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 580
| Size |
| 713 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 600
| Size |
| 1,293 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 630
| Size |
| 6,274 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 640
| Size |
| 1,167 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 650
| Size |
| 2,615 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
6th Fl-Ste 682
| Size |
| 1,725 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 685
| Size |
| 1,993 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size | 11,146 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Feb 2025 |
11,146 square feet of spacious office space available for lease.
2nd Fl-Ste 226
| Size | 3,724 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
3,724 square feet of spacious office space available for lease.
2nd Fl-Ste 228
| Size | 716 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
716 square feet of office space available for lease.
2nd Fl-Ste 234
| Size | 1,134 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
1,134 square feet of office space available for lease.
2nd Fl-Ste 239
| Size | 2,181 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
2,181 square feet of office space available for lease.
2nd Fl-Ste 240
| Size | 1,218 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,218 square feet of office space available for lease.
2nd Fl-Ste 250
| Size | 2,248 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2,248 square feet of office space available for lease.
2nd Fl-Ste 270
| Size | 1,282 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1,282 square feet of office space available for lease.
3rd Fl-Ste 310
| Size | 3,298 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
3,298 square feet of office space available for lease.
3rd Fl-Ste 325
| Size | 1,325 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,325 square feet of office space available for lease.
3rd Fl-Ste 340
| Size | 1,563 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,563 square feet of office space available for lease.
3rd Fl-Ste 350
| Size | 902 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
902 square feet of office space available for lease.
3rd Fl-Ste 375
| Size | 451 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
451 square feet of office space available for lease.
4th Fl-Ste 402
| Size | 1,455 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
4th Fl-Ste 405
| Size | 2,080 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
2,080 square feet of office space available for lease.
4th Fl-Ste 410
| Size | 2,757 SF |
| Space Use | Office |
| Condition | - |
| Available | Feb 2025 |
2,757 square feet of office space available for lease.
4th Fl-Ste 424
| Size | 3,610 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
3,610 square feet of office space available for lease.
5th Fl-Ste 520
| Size | 1,022 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,022 square feet of office space available for lease.
5th Fl-Ste 530
| Size | 753 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
753 square feet of office space available for lease.
5th Fl-Ste 539
| Size | 2,885 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2,885 square feet of office space available for lease.
5th Fl-Ste 545
| Size | 4,537 SF |
| Space Use | Office |
| Condition | - |
| Available | Jun 2025 |
4,537 square feet of office space available for lease.
5th Fl-Ste 556
| Size | 535 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
535 square feet of office space available for lease.
5th Fl-Ste 580
| Size | 713 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
713 square feet of office space available for lease.
6th Fl-Ste 600
| Size | 1,293 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,293 square feet of office space available for lease.
6th Fl-Ste 630
| Size | 6,274 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
6,274 square feet of office space available for lease.
6th Fl-Ste 640
| Size | 1,167 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,167 square feet of office space available for lease.
6th Fl-Ste 650
| Size | 2,615 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
2,615 square feet of office space available for lease.
6th Fl-Ste 682
| Size | 1,725 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,725 square feet of office space available for lease.
6th Fl-Ste 685
| Size | 1,993 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
1,993 square feet of office space available for lease.
PROPERTY TAXES
| Parcel Number | 1158930000001 | Improvements Assessment | $7,100,015 |
| Land Assessment | $1,327,710 | Total Assessment | $8,427,725 |
PROPERTY TAXES
Contacts
-
Adam Sklaver -
Keith Lloyd -
Brad Mills -
Philip Kates -
Kyle Hynes -
Marcus & Millichap
Presented by
Auction - REIT Sale | 66% Occup. | $749K NOI | 1880 Dairy Ashford St
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