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For Sale I Investment Opportunity

$4,750,000

3420 Rusk Street, Houston, TX 77003

Active
Last Updated: 02/04/2025

8.1

Cap Rate

383,672

NOI

Details:
Cap Rate:    8.1%
NOI:    $383,672
Building Size:    30,627 sqft
Lot Area:    1.4357 acres
Occupancy:    89%
Class:    B
Year Built:    1960
Tenancy:    Multiple
Floors:    1
Parking Spots:    60
Year Last Renovated:    2017
Parking Ratio:    1.88
Highlights:
  • Stories: One (1) story
  • Total RSF: ± 30,627 SF
  • Land area: ±1.4357 acres
  • Construction: Metallic
  • Not in a flood zone
  • Tenancy: Office, retail, commercial workspaces, flex
  • Parking: Ample surface parking
  • Building built: 1960; Renovated: 2017
  • Warehouse built: 1967; Renovated: 2017
Description:

Colliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 3420 Rusk St, Houston, Texas located in Houston’s famous EaDo District. This East Houston Community is a growing part of the city offering a well-planned, high quality community combining entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes. 


The property consists of approximately 30,627 SF of a one (1) story building offering creative workspaces ranging from 150 to 3,800 SF. The professionally renovated property sits on a full block consisting of ± 1.4357 acres of land. 


Investment Highlights

• Strategically located in East Houston and the EaDo District. This area continues to see new residential and commercial development resulting in thriving businesses, entertainment, and Houston’s art community.
• Professionally renovated property resulting in a perfect location and lease space configuration for tenants desiring creative and flexible workspaces for office, retail, artist, and incubator type uses. The property offers attractive common areas, ample surface parking.
• Tenant demand for these lease spaces has historically been strong. Opportunity for attractive rent growth.
• Excellent visibility and access for tenants and visitors.
• Professionally managed and well-maintained tenant and common areas.
• Property encompasses a full block offering future development possibilities. 

Map:
Documents:
Title
Property Brochure
Confidentiality Agreement
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Location
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