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Investment Highlights

  • Recently improved Class A office asset with minimal near-term CapEx and strong value-add potential through lease-up of below-market rents.
  • Direct I-45 frontage with strong visibility; near Hardy Toll Rd, Grand Pkwy, and about 5 miles to Beltway 8 for excellent regional access.
  • Amenity-rich office with controlled access, monument signage, gated parking, upgraded lighting, and Wi-Fi in common areas.
  • Institutional-quality office with modern interiors, efficient flexible floor plates, and abundant natural light designed for today’s tenants.
  • Recent upgrades include three 40-ton HVAC units with 5-year warranty, 15-year roof warranty, and renovated restrooms for stability.
  • Opportunity to acquire nearby office asset; combine for scale, portfolio growth, and enhanced market presence in a strong submarket.

Executive Summary

CBRE is pleased to present Commerce Park North Office Center, an exceptional opportunity to acquire a high-visibility, Class A office asset strategically positioned along Interstate 45 in the heart of North Houston’s thriving commercial corridor.

Located at 15425 N Interstate 45, this premier asset offers investors and owner/users the rare ability to capitalize on significant value creation through lease-up and operational upside. This uncompromising Class A facility boasts premier contemporary finishes and an exceptional amenity package that perfectly equips office, medical, and service-based tenants to meet the challenges of today’s business landscape.
Delivered approximately 21% occupied, the property presents a compelling opportunity to drive NOI growth and unlock substantial long-term returns in a fundamentally strong submarket.

The property encompasses 66,809 square feet across three floors on 3.12 acres, originally constructed in 1982 and meticulously maintained with meaningful recent capital improvements. These include the replacement of three 40-ton rooftop HVAC units (under full 5-year warranty), a roof with an active 15-year warranty, and recently renovated restrooms, providing immediate operational reliability and reduced near-term capital exposure.

Commerce Park North Office Center makes a powerful first impression with its striking glass façade and expansive on-site parking field accommodating over 200 vehicles, including covered reserved parking. The interior environment is equally compelling, anchored by a dramatic multi-story atrium flooded with natural light from oversized skylights, creating an elevated tenant experience that is both modern and inviting.

Tenant-focused amenities include controlled access, monument signage with I-45 frontage, gated parking, carports, upgraded lighting, and common area Wi-Fi for tenants.

Strategically located with immediate access to Interstate 45, the property benefits from exceptional regional connectivity, with seamless access to the Hardy Toll Road and proximity to Beltway 8 (within approximately five miles). This central positioning enables efficient travel to The Woodlands, George Bush Intercontinental Airport (IAH), and Downtown Houston.

With visibility to more than 250,000 vehicles per day, the asset offers premier signage and branding opportunities, further enhancing its appeal to both tenants and owner/users. The surrounding area is amenity-rich, featuring walkable dining options, proximity to a SpringHill Suites by Marriott Houston I-45 North, and immediate access to the ExxonMobil main campus, serving as the company’s global headquarters, as well as HCA Houston Healthcare Northwest, a major regional medical hub that drives consistent daytime traffic and demand from healthcare-related tenants.

North Houston continues to demonstrate strong demographic and economic fundamentals, with a population exceeding 303,000 within a 5-mile radius and a 5% growth rate since 2020. The area is supported by a robust daytime workforce of over 92,000, providing a deep and well-educated labor pool that continues to attract a diverse range of employers.

An additional nearby Class A office asset is also being offered, presenting investors with a unique opportunity to assemble scale and establish a meaningful presence in one of Houston’s most dynamic submarkets.

This offering represents a rare combination of scale, visibility, accessibility, and value-add potential, uniquely positioning Commerce Park North Office Center as a highly attractive acquisition for investors seeking outsized returns in a high-growth corridor.

Visit the links section and contact the CBRE team to learn more. Property tours are by appointment only. Please contact the listing broker to schedule.

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Market Analytics Click Here to Access

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Market Sale Price per SF

Houston - TX USA

Market Cap Rate

Houston - TX USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
66,809 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1982
Percent Leased
21%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
22,269 SF
Slab To Slab
11’
Building FAR
0.49
Lot Size
3.12 AC
Parcel Number
1153470000001
Parking
202 Spaces (3.02 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Fenced Lot
  • Property Manager on Site
  • Security System
  • Central Heating
  • Natural Light
  • Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100

About FM 1960/I-45 North

Cypress Station is located close to parts of Houston that have experienced significant population and employment growth, including Springwoods Village, Cypress, Tomball, and the Lake Houston areas. It is centrally located along Interstate 45 between Beltway 8 and the Grand Parkway, some of Houston’s key arteries. It is also close to Houston’s largest airport, Bush Intercontinental, which recently ranked as the second-best airport in the U.S. at the 2023 Skytrax World Airport Awards.

Job growth has been strong in the area, in part as a result of nearby developments such as Data Foundry’s new data centers; Grocers Supply and Conns HomePlus’ distribution centers; and Pinto Business Park, which is home to Amazon, Coca-Cola, and other large employers. Corporate tenants such as ABS, HPE, and HPI also recently relocated to large new office campuses in Springwoods Village.

Over the past 15 years, more than 80% of the population growth that has occurred in Harris County has been in its unincorporated areas, not far from Cypress Station. And the area’s energy, business services, and healthcare tenants can draw from the labor pool and customer base of residents and commuters who take Interstate 45 to and from work.

Investors are attracted to this area because of its strong economic base and the relative value assets here provide. Pricing is favorable, too, with the average price per square foot still below the Houston region’s average and at a significant discount to neighboring The Woodlands and Kingwood/Humble.

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
13,400
122,094
303,706
2020 Population
11,954
115,302
288,908
2030 Population
14,441
130,203
323,426
2025-2030 Projected Population Growth
7.8%
6.6%
6.5%
Daytime Employees
6,960
37,422
92,487
Total Businesses
536
4,020
10,743
Average Household Income
$58,770
$70,751
$78,352
Median Household Income
$38,805
$52,837
$57,639
Total Consumer Spending
$105.5M
$1B
$2.7B
Median Age
31.0
31.8
33.3
2025 Households
5,097
41,630
102,983
Percent College Degree or Above
12%
11%
13%
Average Home Value
$285,209
$244,626
$259,302
$ values in USD

Sale Advisor

Sale Advisor

Todd Casper, First Vice President
Todd Casper is a First Vice President with Investment Properties in Houston, Texas. With 32 years of commercial real estate experience, Todd specializes in the sale of investment properties. During the course of his career at CBRE, he has represented many of the country’s most prominent real estate companies, including institutions, equity funds, REITs, and private owners and developers. Since 2010, Mr. Casper has played an integral role in the sale of over $3 billion of assets totaling in excess of 15 million square feet. In addition, he co-leads Parking Capital Markets and the disposition of parking garages throughout the nation.
Todd joined CBRE in 2003 as Director of Asset Services in Houston with management oversight of Houston’s commercial properties. He was responsible for the supervision and management of 19 million square feet, the management staff and all aspects of property performance among the diverse portfolio.  Prior to joining CBRE, Todd managed several high-profile, mixed-use complexes in the United States for Urban Retail Properties and Simon Property Group. These assets included the Galleria mixed-use complex in Houston and 900 North Michigan in Chicago, Illinois. These assets included over 14,000 structured parking spaces, including valet services.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact

Keisha Hartshorn
Auctioneer License: Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
  • Listing ID: 40133930

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 15425 N I-45, Houston, TX 77090

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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