713-452-4200
110 Magellan Cir, Webster, TX for Sale
Flex - FOR SALE
1/6
null | Request Cap Rate

110 Magellan Cir
Webster, TX 77598


HIGHLIGHTS

  • Double Net lease structure provides investors with limited responsibilities
  • Current lease term extends through October 31, 2031, with one five-year renewal option remaining
  • Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation
  • Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors

OVERVIEW

Strategic Houston MSA Location • Located within the Houston MSA, the fifth-largest metropolitan area in the United States with more than 7.6 million residents • Positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities • Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing, and professional services sectors Global Technology Tenant with Industry Leadership • Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial inspection technologies • Company leverages more than 100 years of optical and scientific expertise originating from Olympus Corporation’s Scientific Solutions Division • Worldwide operating platform spanning North America, Europe, and Asia supports a diversified global customer base • Tenant serves mission-critical industries including aerospace, automotive, manufacturing, energy, and scientific research sectors Mission-Critical Industrial Facility • Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied by Evident Scientific • Mission-critical location supporting advanced imaging, microscopy, and industrial inspection operations • 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster, Texas • Fee simple ownership provides investors with long-term control of the underlying real estate

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Evident

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09

LAND SF

47,480

ZONING

-

APN/PARCEL ID

1364920010002

ASK ABOUT THIS PROPERTY

Justin MillerMarcus & MillichapMore Info
713-452-4200

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Justin MillerMarcus & MillichapMore Info
713-452-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.