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Eado Workspaces 3420 Rusk St

32,000 SF 90% Leased Office Building Houston, TX 77003 For Sale

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Investment Highlights

Property type: Office / retail workspaces
Warehouse built: 1967; Renovated: 2017

Tenancy: Office, retail, art studio
Parking: Ample surface parking

Executive Summary

Colliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 3420 Rusk St, Houston, Texas located in Houston’s famous EaDo District. This East Houston Community is a growing part of the city offering a well-planned, high quality community combining entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes.
The property consists of approximately 30,627 SF of a one (1) story building offering creative workspaces ranging from 150 to 3,800 SF. The professionally renovated property sits on a full block consisting of ± 1.4357 acres of land.
Investment Highlights
• Strategically located in East Houston and the EaDo District. This area continues to see new residential and commercial development resulting in thriving businesses, entertainment, and Houston’s art community.
• Professionally renovated property resulting in a perfect location and lease space configuration for tenants desiring creative and flexible workspaces for office, retail, artist, and incubator type uses. The property offers attractive common areas, ample surface parking.
• Tenant demand for these lease spaces has historically been strong. Opportunity for attractive rent growth.
• Excellent visibility and access for tenants and visitors.
• Professionally managed and well-maintained tenant and common areas.
• Property encompasses a full block offering future development possibilities.
Property type: Office / retail workspaces
Stories: One (1) story
Total RSF: ± 30,627 SF
Land area: ±1.4357 acres
Construction: Metallic
Not in a flood zone
Tenancy: Office, retail, art studio
Occupancy: 87%
Parking: Ample surface parking
Building built: 1960; Renovated: 2017
Warehouse built: 1967; Renovated: 2017
Confidentiality Agreement https://colliershouston.s3.us-east-2.amazonaws.com/CDW/Confidentiality_and_Non-Disclosure_Agreement_3420_Rusk_St_Houston_TX.pdf

3420_Rusk_Sale_Flyer_(1134322) (2)

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Loft/Creative Space

Building Size

32,000 SF

Building Class

Year Built/Renovated

1960/2017

NOI

$368,226

Percent Leased

90%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

32,000 SF

Building FAR

0.51

Land Acres

1.43 AC

Opportunity Zone

Yes

Zoning

N/A

Parking

60 Spaces (1.88 Spaces per 1,000 SF Leased)

Amenities

Commuter Rail

Courtyard