14199 Westfair East Dr, Houston, TX 77041
41,450 SF | 100% Leased | Industrial Building | Houston, TX 77041 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Industrial
Listing Contacts
Hunter Stockard
Verified Profile
Wyatt Huff
Verified Profile
Gray Gilbert
Verified Profile
Jack Gilbert
Verified Profile
- Property Info
Property Overview
Partners is pleased to present the opportunity to acquire 14199 Westfair East Drive, a ±41,450-square-foot office/warehouse on ±2.755 acres in Northwest Houston, occupied by Ovation Data Services. The property features tilt wall construction, four overhead doors, high-end office finishes, and a fully climate-controlled warehouse.
Ovation Data Services will lease back the property at the close of escrow for a period of ten years on an absolute net lease basis with 3.5% annual increases. Ovation Data Services is a leader in digital transformation and data repository solutions with a 45-year operating history. Ovation Data Services works with the Energy, Media & Entertainment, Digital Heritage, Biotech & Life Sciences, and Security industries.
14199 Westfair East Drive is in the West Outer Loop Submarket, ideally located near major thoroughfares such as US Highway 290, Highway 6, and the Sam Houston Tollway. The submarket has a low vacancy rate of 5.6%, outperforming the Houston metro average of 6.3%, highlighting a tight barrier to entry and desirability by both tenants and owner/users alike.
Ovation Data Services will lease back the property at the close of escrow for a period of ten years on an absolute net lease basis with 3.5% annual increases. Ovation Data Services is a leader in digital transformation and data repository solutions with a 45-year operating history. Ovation Data Services works with the Energy, Media & Entertainment, Digital Heritage, Biotech & Life Sciences, and Security industries.
14199 Westfair East Drive is in the West Outer Loop Submarket, ideally located near major thoroughfares such as US Highway 290, Highway 6, and the Sam Houston Tollway. The submarket has a low vacancy rate of 5.6%, outperforming the Houston metro average of 6.3%, highlighting a tight barrier to entry and desirability by both tenants and owner/users alike.
Property Details
- Year Built
- 2008
- Stories
- 2
- Lot Size (sq. ft)
- 119,790 SF
Highlights
- Wrought Iron Fence Surrounding Perimeter of Property With Remote Controlled Access Gates.
- Original Building Plans Allow for Building Expansion by up to 15,750 SF.
- High-End Corporate Office Finishes.
- 1000KVa Utility Service; Both 120v & 240v Power In All Work Areas.
- Two (2) Natural Gas Generators with Pad Site for a Third Future Generator.
- Covered Employee Parking & Parking Lot Lighting.
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