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675 Bering 675 Bering Dr

135,641 SF 76% Leased Office Building Houston, TX 77057 For Sale

Investment Highlights

  • Prime location in prestigious submarket.
  • Strong market fundamentals.
  • Class B asset with significant upside potential.
  • Attractive risk-adjusted investment

Executive Summary

Colliers is pleased to present the exclusive opportunity to acquire 675 Bering (“ the Property”), a prominent, eight (8)-story office building featuring ±135,641 square feet of sophisticated office space and located on Bering Drive, in the San Felipe/Voss submarket of Houston. This premier commercial property offers an unparalleled opportunity for investors seeking a high-quality asset in a thriving market.

675 Bering Office Investment - https://my.rcm1.com/buyer/slp?pv=hTIGety8zCGLe-hBpfASIrUfACu0D4b7KVh1h3sJhe934s75DsorOApNCOAGjIzcpE6hfZhur_xsY5S1dwKO1A

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
135,641 SF
Building Class
B
Year Built/Renovated
1982/2009
NOI
$676,920
Percent Leased
76%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
16,955 SF
Slab To Slab
12’
Building FAR
1.58
Lot Size
1.97 AC
Zoning
None - None
Parking
480 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Property Manager on Site
  • Security System
  • Signage
  • Natural Light
  • Air Conditioning

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
12,900
155,280
494,781
2024 Population
13,352
168,931
528,696
Population Growth '20-'24
3.5%
8.8%
6.9%
2020 Households
6,952
74,241
218,762
2024 Households
7,107
80,854
234,046
Household Growth '20-'24
2.2%
8.9%
7.0%
Average Age
48
39
38
Median Household Income
$102,483
$77,378
$73,801
Daytime Employees
12,341
154,384
405,331
Total Businesses
1,739
17,153
46,331
College Degree + Higher
73%
58%
52%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0681070000048
Land Assessment
$5,229,780
Improvements Assessment
$9,486,711
Total Assessment
$14,716,491
  • Listing ID: 33690820

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 675 Bering Dr, Houston, TX 77057

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