For Sale Submit Offer
Property Type Office - General Office
Property Size 127,625 SF
Lot Size 8.68 Acre
Property Tenancy Multi-Tenant
Building Class A
Year Built 1985
Year Renovated 2021
Date Updated Apr 3, 2024

Excellent Southeast Houston location Ideal location along Hercules Ave., adjacent to the Johnson Space Center. Surrounded by multiple large Clear Lake institutions like NASA Johnson Space Center, the University of Houston, and HCA Houston Healthcare. Convenient access to Interstate 45 (Gulf Freeway) and other major Clear Lake area arteries including Bay Area Blvd., El Camino Real and NASA Parkway (NASA Rd. 1). Within 30 minutes to Galveston, 20 minutes of Hobby Airport and just 25 minutes south of Houston’s Central Business District.Buildings Amenities Two atrium buildings with skylights in the lobby Beautifully landscaped courtyard setting Large artistic sculpture between buildings Security System Card key access system Ample parking Stabilized investment opportunity • 95% 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.

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Attachments

Contacts

Darrell L. Betts

Avison Young

(713) 993-7704

Location

Getting Around

Walk Score ®
54/100 Somewhat Walkable
Transit Score ®
14/100 Minimal Transit
Bike Score ®
54/100 Bikeable

City Houston, TX
Neighborhood Clear Lake
Zip Code 77058
Market Houston

Points of Interest

Chevron

0.22 miles
Valero

0.49 miles
Exxon

0.73 miles
EV Charging

0.87 miles
Valero

1.10 miles
Exxon

1.13 miles
Shell

1.23 miles
Shell

1.30 miles
Valero

1.35 miles
Shell

1.63 miles

Bay Area Park and Ride

0.82 miles
Visitor Parking

0.94 miles
Lot J

1.47 miles
Lot G

1.56 miles
Lot R

1.87 miles
Lot A

1.87 miles
Lot C

1.95 miles
Lot B

2.02 miles
Lot D

2.11 miles
El Dorado Park & Ride

2.89 miles

TownePlace Suites Houston Clear Lake

0.43 miles
Sonesta ES Suites Houston - NASA Clear Lake

0.97 miles
Extended Stay America Houston

1.02 miles
Microtel Inn & Suites by Wyndham Houston

1.07 miles
Homewood Suites by Hilton Houston Clear Lake NASA

1.13 miles
Courtyard by Marriott Houston NASA/Clear Lake

1.29 miles
Amy and Alans

1.37 miles
Intown Suites

1.50 miles
Hampton

1.58 miles
Comfort Suites Near Nasa - Clear Lake

1.62 miles

Nokturne

0.20 miles
Church's Chicken

0.42 miles
Dickey's Barbecue Pit

0.43 miles
Mogul Indian

0.48 miles
Taco Bell

0.50 miles
Schlotzsky's

0.51 miles
Dunkin' Donuts

0.52 miles
Einstein Bros. Bagels

0.63 miles
888 Chinese Restaurant

0.64 miles
Los Ramirez Mexican Restaurant

0.66 miles

Space Center Intermediate School

0.24 miles
Bay Area Montessori School House

0.55 miles
Galloway Upper School

0.57 miles
Clear Lake City Elementary School

0.94 miles
Whitcomb Elementary School

1.15 miles
Falcon Pass Elementary

1.38 miles
Houston Learning Academy

1.45 miles
Gloria Dei Christian School

1.46 miles
Bruk Academy

1.55 miles
Clear Lake High School - 9th Grade Center

1.56 miles

Belle's Little Angels

0.54 miles
Kids 'R' Kids

1.35 miles
Pinebrook KinderCare

3.49 miles

Frequently Asked Questions

What is the total square footage of Hercules I & II?

Hercules I & II totals 127,625 square feet.

When was this property built?

Hercules I & II was built in 1985.

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