1307 Illinois Ave - Warehouse FOR SALE


South Houston, TX 77587
$500,000 USD
713-855-0588
1307 Illinois Ave, South Houston, TX for Sale
$500,000 USD
Warehouse - FOR SALE
1/29
null | Request Cap Rate

1307 Illinois Ave
South Houston, TX 77587


HIGHLIGHTS

  • Three-property South Houston industrial portfolio totaling ±10,860 SF
  • Long-term occupied small-bay warehouse assets with existing tenants in place
  • Seller Financing Option 36 months at 6% or 60months at 8% with 30% Down and 25 years Amortization
  • Below-market rents create upside through renewals or future rent increases
  • Flexible exit strategy, with 1307 and 1309 on the same lot to be sold together, and 1313 Illinois positioned on a separate lot for future hold or refi
  • Strong East/Southeast Houston logistics location with access to major industrial corridors

OVERVIEW

Three-property industrial portfolio in South Houston totaling ±10,860 SF across three tenanted steel/metal warehouse buildings. Current gross income is $5,700/month, with upside through rent increases or renewals. Portfolio includes 1307 Illinois St, 1309 Illinois Ave (same lot must be sold together), and 1313 Illinois St (separate lot). Offered as a package with a discounted portfolio price: $1,300,000 with seller financing or $1,250,000 cash or conventional financing. Seller financing available with 30% down, 25-year amortization, and flexible terms of 36 months at 6% or 60 months at 8%. Strong small-bay industrial opportunity near Hobby Airport. Tenant Info : STANCO, a long-term machine shop / precision manufacturing tenant. The use is well-aligned with the property’s industrial features, including steel/metal construction, 3-phase power, fenced lot area, and 16’ clear height.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

Lighting

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41

LAND SF

17,750

ZONING

none

APN/PARCEL ID

0340090160012

ASK ABOUT THIS PROPERTY

Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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Kate MyhanMyhan Realty LLCMore Info
713-855-0588

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