1901 Little York Rd, Houston, TX 77093
88,462 SF | Industrial Building | Houston, TX 77093 | $10,000,000 ($113/SF) | 7.50% Cap Rate
For Sale
Active
13 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $10,000,000
- Property Type
-
Industrial
- Price / Square Foot
- $113
Listing Contacts
Karina Franco
Verified Profile
- Property Info
Property Overview
This offering represents an exceptional investment opportunity to acquire a ±88,462 square foot building sitting on a fully paved and fenced ±7AC, single tenant, net leased (STNL), Industrial asset via a sale/leaseback to the seller’s company, a local company who has been in business since 2008.
Ownership has spent approximately $1.5MM on capital improvements consisting of but not limited to pavement, camera security system, fence, remodeling the offices which includes adding A/C units, electronic gates, LED lighting, etc.
The new owner of this incredibly located industrial asset will be able to realize stable, secure income for the duration of the lease term, plus the opportunity to capitalize on future upside via a mark-to-market future lease strategy. Lastly, this investment is a great hedge against inflation due to the annual rental escalations, the renewal option being at fair market value (FMV), and the large value appreciation that has occurred in the industrial asset class in Houston Texas.
Ownership has spent approximately $1.5MM on capital improvements consisting of but not limited to pavement, camera security system, fence, remodeling the offices which includes adding A/C units, electronic gates, LED lighting, etc.
The new owner of this incredibly located industrial asset will be able to realize stable, secure income for the duration of the lease term, plus the opportunity to capitalize on future upside via a mark-to-market future lease strategy. Lastly, this investment is a great hedge against inflation due to the annual rental escalations, the renewal option being at fair market value (FMV), and the large value appreciation that has occurred in the industrial asset class in Houston Texas.
Property Details
- Class
- B
- Year Built/Renovated
- 1999/2023
- Stories
- 1
- Property Subtype
- Distribution, Vehicle Related
- Lot Size (sq. ft)
- 301,871 SF
Highlights
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Well-Known & Established Tenant
- Near Heavily Traveled Hardy Toll, 59 N & Beltway 8
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