1309 Illinois Ave - Warehouse FOR SALE


South Houston, TX 77587
$500,000 USD
713-855-0588
1309 Illinois Ave, South Houston, TX for Sale
$500,000 USD
Warehouse - FOR SALE
1/47
null | Request Cap Rate

1309 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
  • Located in South Houston, approximately 13 minutes from William P. Hobby Airport
  • 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. About Tenant: 877QuicDry is a family owned water damage restoration and mold remediation company serving residential and commercial clients. Their business is typically insurance-driven and service-based, supporting steady demand for warehouse, equipment, vehicle, and operations space. The tenant has occupied 1309 Illinois for approximately 20 years and has expressed interest in renewing, creating potential upside through lease renewal and rent adjustment.

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

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

12

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.