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19747 Us-59 Humble, TX 77338

46,883 SF Multi-Tenant Office in Humble, TX

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional value-add investment opportunity presents a four-story, 46,883 square foot Class B multi-tenant office building located at 19747 US-59 in Humble, Texas. Built in 1982 and extensively renovated in 2023, the property boasts an impressive 87.4% occupancy rate across twenty tenants, with a weighted average lease term exceeding 3.14 years. The building features an atrium-style lobby, a full-service bank, an eight-lane drive-up motor bank with a freestanding ATM, and a distinctive stair-step architectural design with balconies overlooking the freeway. Situated within the Class A Humblewood Shopping Center, the property offers ample parking and manicured landscaping. A significant advantage is the long-term lease with J.P. Morgan Chase Bank, extending through 2041, providing a stable anchor tenant. Further enhancing the investment potential are contractual rent increases of $0.50+ per square foot in 70% of the leases, ensuring assured cash flow growth. The 2.81-acre lot provides significant potential for future development or expansion. This property offers a compelling combination of strong current performance and significant upside potential for savvy investors. The building's location in Harris County, Texas, zip code 77338, provides easy access to major transportation routes.

Highlights

  • Value-add investment opportunity.
  • Anchored by J.P. Morgan Chase Bank with lease options through 2041.
  • 87.4% occupancy with a 3.14-year weighted average lease term.
  • Strong lease-up potential, demonstrated by consistent tenant activity since 2018.
  • Assured cash flow growth via contractual rent increases exceeding $0.50/SF in 70% of leases.

Property Details for 19747 Us-59

Property type
Office properties
Square Feet
46,883 SF
Class
B
Year Built/Renovated
1982/2023
Stories
4
Lot Size (sq. ft)
122,404 SF

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
30.002968790801
Longitude
-95.269970516783
19747 Us-59, Humble, Texas

FAQs

What type of property is this?
Office property - 46,883 SF Multi-Tenant Office in Humble, TX
Where is the office property located?
The property is located at 19747 Us-59 Humble, TX.
What are key features of this property?
This property features: Value-add investment opportunity.; Anchored by J.P. Morgan Chase Bank with lease options through 2041.; 87.4% occupancy with a 3.14-year weighted average lease term.
How can I contact the broker?
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19747 Us-59
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