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Value-Add Class A Office | North Houston 15425 N I-45 66,809 SF 21% Leased Office Building Online Auction Sale Houston, TX 77090


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
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.
Matterport 3D Tours
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Fenced Lot
- Property Manager on Site
- Security System
- Central Heating
- Natural Light
- Air Conditioning
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
About the Architect
Other Properties in the House Reh Associates Portfolio
Sale Advisor
Todd Casper, First Vice President
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.
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Value-Add Class A Office | North Houston | 15425 N I-45
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