Living / Multi-housing

Ascension on the Bayou

150 W Sam Houston Pkwy N Houston, Texas United States 77024-4733
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2016
Building Area Net
Land Area Net ()
Number of units 280
Occupancy 94.0 %

Asset Description

  • Property Type: Podium
    • Year Built: 2016
    • Units: 280
    • Average Unit Size: 951 sf
    • Rentable Square Feet: 266,200 sf
    • Site Size- 4.22 acres


Investment Highlights

  • Opportunity to acquire a LEED Silver Class “A” Boutique Podium-Style Community Below Replacement Cost
    • Proximate to Houston’s Major Employers and High Traffic Retail Destinations
      • Employment: BP | Memorial Hermann Memorial City | Phillips 66 | Shell | Texas Children’s Hospital
      • Retail: CityCentre | Memorial City Mall | Memorial Villages | Town & Country Villages
    • Adjacent to Sam Houston Tollway and Less Than One Mile from Interstate 10
    • Exceptional Buffalo Bayou Setting with Back Door Access to Terry Hershey Park
    • Sophisticated Address Promotes Strong Surrounding Demographics (1-Mile)
      • $169,000+ Average Household Income
      • $743,000+ Average Home Values
      • 74%+ with Bachelor or Graduate Degrees
      • 54% Renter-Occupied Housing Units
    • Strong Submarket Fundamentals
      • 17.2% T12 Rent Growth – all-time high for the submarket
      • 1,123 Units Absorbed in Trailing 12 Months


Last Updated Date: 26 Apr 2022

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Last Updated Date: 26 Apr 2022

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