16000 Barkers Point LnHouston, TX 77079

Property Details for 16000 Barkers Point Ln

Year built

1981

Lot size

2.12 AC

Property size (Sq ft)

41,607 SF

Property type

Office properties

Property subtype

Office space

Description

Barkers Point Plaza, a two-story, 41,607 square foot Class B office building in Houston, Texas, presents a compelling investment opportunity. Located at 16000 Barkers Point Lane, this fee-simple property boasts a prime location, just one block north of Memorial Drive and Addicks Howell Road, with convenient access to Highway 6 South and I-10 West. The 2.12-acre L-shaped lot offers three ingress/egress points, including tenant monument signage at the Barkers Point Lane entrance. Built in 1981 and extensively renovated in 2016, the building features a well-appointed two-story atrium lobby, 52 reserved covered parking spaces, and a multi-tenant occupancy of approximately 80.6%. Recent capital improvements exceeding $475,000 include a new fire alarm system, reserved carport parking, updated sidewalks, HVAC replacement, modernized restrooms, EMS HVAC controls, lobby and hallway renovations, and a new roof. The property's strong historical occupancy (averaging approximately 93% from 2018-2023) and small average tenant size (approximately 1,300 square feet) minimize downside risk. The asking price is $4,950,000, representing a pro-forma cap rate of 6.99% and a price per square foot of $124.98. Numerous nearby restaurants add to the property's appeal. This well-maintained asset, owned by the same family for nearly 25 years, offers a positive cash flow and is ideal for owner-users or investors seeking a value-add opportunity in a thriving West Houston location.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7769

Longitude

-95.6426

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