Hercules I & II
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Hercules I & II
2 Office Properties in Houston, TX
Investment Highlights
- Two atrium buildings with skylights in the lobby
- Large artistic sculpture between buildings
- Card key access system
- Beautifully landscaped courtyard setting
- Security System
- Ample parking
Executive Summary
Stabilized investment opportunity
• 100% occupied by two Class A office buildings in an attractive office submarket of NASA/Clear Lake.
• Hercules II is completely occupied by Axiom Space, Inc., who is building the world’s first commercial space station. JSC/Welby leases
54.12% of Hercules I with a November 2029 lease expiration. The remainder of Hercules I is occupied by a diverse mix of strong tenants.
• Strong re-lease potential as indicated by new leases, renewals, and expansions signed for all tenants since June 2019.
• Assured cash flow growth through contractual rent increases in all leases.
• Recently renovated with $3M in improvements to the lobby, common areas, and outdoor green space.
• 100% occupied by two Class A office buildings in an attractive office submarket of NASA/Clear Lake.
• Hercules II is completely occupied by Axiom Space, Inc., who is building the world’s first commercial space station. JSC/Welby leases
54.12% of Hercules I with a November 2029 lease expiration. The remainder of Hercules I is occupied by a diverse mix of strong tenants.
• Strong re-lease potential as indicated by new leases, renewals, and expansions signed for all tenants since June 2019.
• Assured cash flow growth through contractual rent increases in all leases.
• Recently renovated with $3M in improvements to the lobby, common areas, and outdoor green space.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 127,594 SF |
| Number of Properties | 2 | Total Land Area | 8.68 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 127,594 SF |
| Total Land Area | 8.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Hercules I
1300 Hercules Ave, Houston, TX 77058 |
Office | 63,878 SF | 1984 | - |
|
Hercules II
1290 Hercules Ave, Houston, TX 77058 |
Office | 63,716 SF | 1984 | - |
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Darrell L. Betts -
Jessica Alexander -
Avison Young
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Hercules I & II
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