For Sale
For Sale
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Year Built
1979
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Total Building Size
25,207 RSF
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Overview
Located in West Houston just off of Richmond Ave between State Hwy 6 and Eldridge Pkwy. Easy access to I-10, Westpark Tollway, State Hwy 6 and Beltway 8. Near West Oaks Mall and Shell Oil Technology Center. KW Commercial is proud to present a multi-tenant industrial investment for sale. Conveniently located in the Energy Corridor, near major roads and highways, this property is in a prime location. Property is a 25,207 SQ FT building on 1.93 acre lot. The building is 100% leased and has a 7.78% cap rate. There is a SIGNIFICANT INCREASE in NOI in year 2, which increases cap rate to 8.83%. The building is well maintained. The roof and most AC units have been updated. Most bay doors are grade level with one loading dock. Property has security gate for cars and is fenced on 3 sides. This property is great for a 1031 exchange!
Property Details
Located in West Houston just off of Richmond Ave between State Hwy 6 and Eldridge Pkwy. Easy access to I-10, Westpark Tollway, State Hwy 6 and Beltway 8. Near West Oaks Mall and Shell Oil Technology Center. KW Commercial is proud to present a multi-tenant industrial investment for sale. Conveniently located in the Energy Corridor, near major roads and highways, this property is in a prime location. Property is a 25,207 SQ FT building on 1.93 acre lot. The building is 100% leased and has a 7.78% cap rate. There is a SIGNIFICANT INCREASE in NOI in year 2, which increases cap rate to 8.83%. The building is well maintained. The roof and most AC units have been updated. Most bay doors are grade level with one loading dock. Property has security gate for cars and is fenced on 3 sides. This property is great for a 1031 exchange!
- Property TypeRetail
- Submarket
- Year Built1979
- Sale Price$2,750,000
- Total Building Size25,207RSF
- Total Acres1.93
- Sale StatusAvailable
- Property ID2018811