10302 Mula Rd, Stafford, TX 77477
28,000 SF | Industrial Building | Stafford, TX 77477 | $3,950,000 ($141/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,950,000
- Property Type
-
Industrial
- Price / Square Foot
- $141
Listing Contacts
Ayman Nasser
Verified Profile
- Property Info
Property Overview
Acquire a unique warehouse in Houston’s best-connected submarket and get a front-row seat for the explosion of growth in the metro’s most exciting up-and-coming communities.
Spanning 28,000 square feet, 10302 Mula Road is a multi-faceted facility with a mix of efficient assembly and shop areas accentuated by sleek, modern office space that is ideal for a variety of uses. The warehouse boasts two 5-ton cranes with a 16-foot hook height and a 21-foot clear height to handle intensive industrial operations. Meanwhile, the large break room, wide-open bullpen, quiet work areas, and inviting reception desk create the perfect environment for office workers to plug in and innovate.
There is no better time than now to hold industrial properties in this submarket. With US 59 (I-69) and Highway 90 cradling the area, the access is unmatched throughout the metro. This incredible connectivity has suppressed vacancy rates despite an inventory expansion of nearly 10% since 2020. Industrial rents within the submarket are increasing at a rate of 6%, which will be the highest pace in over two decades. There seems to be no sign of slowing down. Sugar Land to the south is posting record numbers for prosperity indicators, and Houston maintains its everlasting prominence as a member of the prolific Texas Triangle.
Spanning 28,000 square feet, 10302 Mula Road is a multi-faceted facility with a mix of efficient assembly and shop areas accentuated by sleek, modern office space that is ideal for a variety of uses. The warehouse boasts two 5-ton cranes with a 16-foot hook height and a 21-foot clear height to handle intensive industrial operations. Meanwhile, the large break room, wide-open bullpen, quiet work areas, and inviting reception desk create the perfect environment for office workers to plug in and innovate.
There is no better time than now to hold industrial properties in this submarket. With US 59 (I-69) and Highway 90 cradling the area, the access is unmatched throughout the metro. This incredible connectivity has suppressed vacancy rates despite an inventory expansion of nearly 10% since 2020. Industrial rents within the submarket are increasing at a rate of 6%, which will be the highest pace in over two decades. There seems to be no sign of slowing down. Sugar Land to the south is posting record numbers for prosperity indicators, and Houston maintains its everlasting prominence as a member of the prolific Texas Triangle.
Property Details
- Class
- B
- Year Built
- 2002
- Stories
- 2
- Property Subtype
- Distribution, Manufacturing, Service
- Lot Size (sq. ft)
- 82,764 SF
Highlights
- 10302 Mula Road sits on 1.899 acres and is comprised of a 7,000-square-foot office, 9,000-square-foot shop, and 12,000 square feet of assembly space.
- Strategically positioned five minutes from both Highway 59 (I-69) and Highway 90, 25 minutes from Downtown Houston and 40 minutes from the port.
- Located in an up-and-coming area with the annual household growth rate projected to more than double through 2027 within three miles.
- The submarket is set to post the highest rental growth rate since 2000 at 6%, and CoStar’s Base Case forecasts rents to grow by 6.9% in 2023.
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