281-797-2016
, Houston, TX for Sale
Industrial - FOR SALE
1/9
null | Request Cap Rate

NW Houston Business Park | 130,984 SF
Houston, TX


HIGHLIGHTS

  • 100% OCCUPIED BUSINESS PARK
  • NW HOUSTON INFILL LOCATION
  • NOI: $1,071,601
  • NNN LEASES
  • 3.85 YEAR WALT
  • $3.3 MILLION RENOVATION IN 2021

OVERVIEW

- PREMIER INFILL LOCATION IN NW HOUSTON WITH SIGNIFICANT BARRIERS TO ENTRY. LANG BUSINESS PARK IS 100% OCCUPIED CONSISTING OF 2 BUILDINGS WITH 8 TENANTS ON NNN LEASES WITH ANNUAL INCREASES. TENANTS RANGE FROM SERVICE ORIENTED TRADES TO SHARK TANK FUNDED ONLINE RETAILERS TO COLD STORAGE AND FOOD PROCESSING, PROVIDING INVESTORS A STABLE AND DIVERSIFIED TENANT MIX. - BUILDING A CONSISTS OF ELEVEN SMALL BAY UNITS AVERAGING 4,550 SF AND ONE 21,250 SF UNIT WITH ADDITIONAL YARD SPACE. BUILDING B IS OCCUPIED BY A SINGLE TENANT COLD STORAGE, PROCESSING AND DISTRIBUTION COMPANY THAT IS INVESTING HEAVILY IN THEIR OWN BUILDOUT AND ARE AT A SIGNIFICANTLY REDUCED RENTAL RATE. - OWNERSHIP HAS INVESTED OVER $3.3 MILLION IN RENOVATIONS IN 2021 TO INCLUDE RESKINNING EXTERIOR, OHDS, SPRINKLER SYSTEM, ROOF REPAIRS, AND ALL TENANT BUILDOUTS ARE NEW, INCLUDING AC, ELECTRICAL, AND PLUMBING. - THE PROPERTY IS STRATEGICALLY POSITIONED ADJACENT TO HEMPSTEAD RD AND LESS THAN 1 MILE FROM HWY 290, CLOSE TO 610 AND I-10, PROVIDING EASY ACCESS TO OVER 1.5 MILLION PEOPLE WITHIN A 10 MILE RADIUS. - GATED & CODED ACCESS WITH PERIMETER FENCE.

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Jason RidenbaughRise Group ManagementMore Info
281-797-2016

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Jason RidenbaughRise Group ManagementMore Info
281-797-2016

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