Barringer Square_Actifs en vente
Barringer Square_Actifs en vente

Barringer Square

623 Barringer Ln, Webster, TX, 77598, US

Description

Jones Lang LaSalle (JLL) is pleased to exclusively present Barringer Square, an exceptional 284-unit investment opportunity in Houston’s thriving Clear Lake/Webster/League City submarket. Strategically positioned with seamless connectivity throughout greater Houston, the property offers convenient access to Seabrook, La Porte, and Deer Park, while its proximity to Interstate 45 provides direct routes to major employment centers including the Texas Medical Center, Downtown’s Central Business District, and Greenway Plaza. The property enjoys immediate access to premier retail destinations including Baybrook Mall and the Shops at Baybrook, while benefiting from proximity to major employment centers such as NASA Johnson Space Center, the Port of Houston, and The University of Texas Medical Branch (UTMB Health). The surrounding area is supported by a robust, diversified economic base anchored by oil and gas, education, petrochemical, and healthcare industries. This strategic combination of location, value-add potential, and dynamic market fundamentals positions Barringer Square as a compelling investment opportunity backed by favorable demographic trends and sustained regional economic growth.

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Caractéristiques de l'actif

Property Type
Garden
Year Built
1982 / 1984
Nombre d'unités
284
Average Unit Size
892
Surface de l'actif Net
23 538 m²
Taille du terrain Brut
6,84 hectare

Média

Points clés d'investissement

  1. ADVANTAGEOUS TAX TREATMENT GIVEN INDIVIDUAL BUILDING ASSESSMENTS
  2. The property consists of 74 parcels with a total 2026 assessed value of $16,390,555
  3. SUBSTANTIAL VALUE-ADD POTENTIAL
  4. Current ownership has fully renovated 36 units leaving 248 partial and classic units and there is potential to add washer/dryer machines to 103 units
  5. ADDITIONAL VACANT LAND AVAILABLE
  6. Adjacent 4-acre parcel is also being offered with the property
  7. ZONED TO CLEAR CREEK ISD
  8. A Niche.com rating
  9. LIMITED UPCOMING COMPETING SUPPLY
  10. Only two properties under construction in the Clear Lake/ Webster/ League City Submarket
  11. IMPRESSIVE SUBMARKET PERFORMANCE
  12. 4.7% T3 rental rate growth and 92.6% occupied (2.2% higher than Greater Houston at 90.4% occupied)
Barringer Square 4_Actifs en vente
Barringer Square 4_Actifs en vente

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Dernière mise à jour
14 mai 2026