22318 I-45

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NewQuest Properties is proud to exclusively offer this 4.19-acre site with roughly 420 feet of frontage on the I-45 N. Service Road. This property is comprised of three buildings that are currently occupied by Allstate Insurance and a wedding venue with additional unoccupied space. In addition to the Allstate Insurance tenant, there is also a ground lease to Northside Maserati which produces a combined gross annual rent of approximately $57,000.

Local submarket drivers include major campuses for Exxon Mobil and Hewlett Packard, both of which are within 2.5 miles of the property and contribute to the 76,000+ daytime employees within a five-mile radius. Additionally, the site is approximately one mile from City Place / Springwoods Village, a 2,000-acre master-planned development that will bring 3,000+ homes to the area at completion.

This location is prime for redevelopment while providing a developer with passive income to cover applicable carry costs.

Location:
22318 I-45
City:
Spring
Traffic Counts:

191,155 VPD on I-45

Broker:
Jeff Lokey | 281.477.4380 | jlokey@newquest.com
Dakota Workman | 281.640.7151 | Mobile: 936.425.6123 | dworkman@newquest.com
David Luther | 281.477.4373 | dluther@newquest.com