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2410 Hamilton St Houston, TX 77004

21,075 SF Creative Office, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 21,075-square-foot Class B office building, located at 2410 Hamilton Street in Houston, Texas, presents a compelling net lease investment opportunity. Currently 100% occupied by a charter school under a 10-year lease (commencing June 30, 2019, and expiring June 29, 2029), this property boasts a remaining lease term of approximately 4.6 years. The building, constructed in 1984 and extensively renovated in 2021 with a $3.5 million investment in a new interior, features a two-story design on a 0.96-acre lot. The lease includes rent bumps, and the property benefits from a prime location just west of Interstate Highway 69, within Houston's Central Business District/Midtown area. This high-traffic area offers excellent visibility and easy access to major freeways (IH 69/Hwy 59/SH 288, IH 45, and IH 10). The surrounding neighborhood demonstrates strong demographics, with a 22.04% population growth within a three-mile radius since 2010 and an above-average household income exceeding $107,932. The property's recent renovations encompass electrical, mechanical, plumbing systems, and all interior building components. The 10-mile radius boasts a population exceeding 1,445,334 (2022 data), and the 5-mile radius shows an average household income exceeding $100,000 (2022 data). The substantial land value adds further investment appeal. This is a rare opportunity to acquire a stable, high-performing asset in a thriving Houston market. The lease includes a 60-month option.

Highlights

  • 2021 renovation with $3.5M investment in new interior systems.
  • Prime location west of I-69 in Houston's Central Business District/Midtown.
  • Strong demographics: 22.04% population growth within a 3-mile radius since 2010, average household income exceeding $107,932.
  • Excellent freeway access (I-69/Hwy 59/SH 288, I-45, I-10) and high visibility.
  • Recently renovated interior with updated electrical, mechanical, and plumbing systems.
  • High land value adds significant investment appeal.

Property Details for 2410 Hamilton St

Property type
Office properties, Office space
Square Feet
21,075 SF
Class
B
Year Built/Renovated
1984/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7423389
Longitude
-95.3653898

FAQs

What type of property is this?
Office property - 21,075 SF Creative Office, 6% Cap Rate
Where is the office property located?
The property is located at 2410 Hamilton St Houston, TX.
What are key features of this property?
This property features: 2021 renovation with $3.5M investment in new interior systems.; Prime location west of I-69 in Houston's Central Business District/Midtown.; Strong demographics: 22.04% population growth within a 3-mile radius since 2010, average household income exceeding $107,932.
How can I contact the broker?
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2410 Hamilton St
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