Clear Lake Business Center Flex & Storage Listing Details & Market Data

Hunington Properties is pleased to present for sale Clear Lake Business Center, a 125,185 square foot multi-tenant small-bay industrial park, and a 24,120 square foot self-storage facility. Situated directly on State Highway 3 and within a 5-minute drive to Interstate 45, the property is near numerous high-density residential neighborhoods that support the property’s tenant base including Clear Lake City, League City, Webster, and Friendswood. The property is also in close proximity to NASA Johnson Space Center (2.15 Miles) and Ellington Field Airport (2.10 Miles) which support 52,000+ direct and indirect jobs in Greater Houston, contributing roughly $4.7 Billion in GDP. The property’s small-bay industrial component currently sits at 97% occupied, while the self-storage component is 83% occupied. The property is in the middle of a conversion of all leases from Gross with Base Year expenses stop to NNN. This allows new ownership to finish the NNN lease conversions with 45% of the tenants currently on NNN leases

Net Rentable Area (Flex): 125,185 SF Net Rentable Area (Storage): 24,120 SF Total Rentable Area: 149,305 SF