5004 Memorial Drive, Houston, TX, 77007, US

Alexan Memorial

Asset description

Jones Lang LaSalle ("JLL") is proud to present Alexan Memorial, a best-in-class, institutionally built midrise offering an unparalleled living experience in one of Houston's most coveted locations. This exceptional 356-unit community is strategically positioned off Memorial Drive and Shepherd, adjacent to the iconic Memorial Park. The property's strategic location places it within easy reach of the innovative Autry Park mixed-use development, as well as the vibrant Washington Corridor, renowned for its eclectic array of restaurants, bars, and entertainment venues. This prime positioning allows residents to seamlessly integrate the tranquility of Memorial Park with the dynamic urban lifestyle that defines modern Houston.

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Attributes

Units

356

Year built

2021

Building area net

297,375 sf

Land area gross

2.52 acres

Media

Investment highlights

Best in Class, Trophy Asset built by Renowned Developer
A+ Urban Location with Excellent Demographics
Surrounded by Houston’s Most Affluent Neighborhoods
Center of Gravity for Houston’s Key Live-Work-Play Demand Drivers
“Unparalleled Accesibliity” -> Adjacent to over 1500 Acres of Houston’s Premier Public Parks
Limited Supply Submarket with Almost Zero New Starts (can reword this a bit)
Direct Competitive Set Fully Occupied and Primed for Rent Growth
Proven Rent Growth Potential with Positive Rent Tradeouts and Healthy Rent-to-Income