Tower Investments

Property Information

• The Oceaneering Building consists of a two-story, Class B office building of approximately 63,458 sq.ft. located at 16665 Space Center Boulevard in Houston, Texas, in the heart of the NASA/Clear Lake submarket with close proximity to both Galveston and Downtown Houston.
  
  
• The building is currently 100% occupied by Oceaneering International, Inc., a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications.  Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.
  
  
• This location serves specialty Oceaneering affiliate Oceaneering Space Systems (“OSS”).  OSS concentrates on developing, integrating and applying both new and established technologies to the challenge of operations in space and other harsh environments.
  
  
• The property’s unique location offers accessibility to Johnson Space Center, University of Houston-Clear Lake, Clear Lake regional medical Center, the Kemah Boardwalk and numerous amenities throughout the thriving Clear Lake area.
  
  
• The buildings are conveniently located within minutes of Interstate 45 (Gulf Freeway) and located along Space Center Boulevard near the intersection of Bay Area Boulevard.
  
  
• Built in 1983, the Oceaneering Building is a garden style atrium building with amenities like skylights in the lobby, atrium office views, a glassed in tenant display room and key-card access.  All first floor conference rooms were renovated and other tenant specific needs were added in 2012.
  
  
• The buildings sit on 3.1495 acres of manicured landscaped ground.
  
  
• The building is constructed of brick with non-opening, single-pane tinted glass windows in aluminum frames.  The foundation is reinforced slab on grade with grade beams.  The building front and back foundation was leveled in 2011.  New eco-friendly roof and new skylights were installed in 2010.
  
  
• HVAC system is provided by 28 Carrier and Ruud electric packaged roof-top units, 264 tons total.
  
  
• Electric service is 1,600-amp, three-phase, four-wire and electrical wiring in the building is copper.
  
  
• Life safety systems include smoke and heat detectors that are tied into the building’s Silent knight central fire alarm system. Portable fire extinguishers are located throughout the building and hose stations are located at each end of the building’s common area.
  
  
• The building has one thin metal hydraulic elevator with a 2,500 lb. capacity.
  
  
• The building has 2 grade-level loading doors located along the back of the building.
  
  
• The building is served by 209 total surface parking spaces surrounding the building, including 6 handicapped accessible spaces, for a parking ratio of 3.29/1,000.  The parking lot was completely renovated, including the placement of a new drain, in 2009.
  
  
• Houston is well-served by a system of highways that provide excellent access to the markets outside the region.  The Houston MSA contains 3,703 miles of freeways and expressways and is the crossroads for Interstates 10 and 45 and the other major highways serving the area include U.S. 59, U.S. 290, U.S. 90, Texas 288, Texas 225, Hardy Toll Road, Sam Houston Tollway (Beltway 8) and the Grand Parkway (Texas 99).  Houston is along the route of the proposed I-69 “NAFTA Superhighway” that will link Canada, the U.S. industrial Midwest, Texas and Mexico.
  
  
• The Houston airport System is the 4^th largest in the United States and positions Houston as the international passenger and cargo gateway to the south central United States.  The airport system has three facilities: George Bush Intercontinental Airport (IAH), William P. Hobby Airport (HOU) and thin metal shim.  The Port of Houston is a 25-mile long complex of diversified public and private facilities that are located on the upper half of the Houston Ship Channel, just a few hours sailing time from the Gulf of Mexico.  The Port of Houston is ranked 1^st in the U.S. in foreign waterborne tonnage, 1^st in U.S. imports, 2^nd in U.S, export tonnage and 2^nd in the U.S. in total tonnage.
  
  
• Houston is known as the “Energy Capital of the World” and is home to 3,700 energy-related organization and the world’s top energy research facilities.  The Houston MSA 10-County region boasts the country’s highest concentration of energy-related companies and many industry legends like ConocoPhillips, Anardako Petroleum Corp. and Marathon Oil Corp. are headquartered in Houston.  Houston is also emerging as a global center for new and alternative energy technologies as well offering an unparalleled combination of energy-related expertise, resource and technology.
  
  
• For more information, please contact
  David Marks
  Tower Investments, LLC
  250 W. Main St., Suite 101
  Woodland, CA 95695
  (530) 668-1000 – telephone
  (530) 666-5574 – facsimile
  davidmarks@towerinv.com
  www.towerinv.com