16522-16536 Park Row - Light Distribution FOR SALE


Houston, TX 77084- Energy Corridor
$2,800,000 USD
281-725-7564
16522-16536 Park Row, Houston, TX for Sale
$2,800,000 USD
Light Distribution - FOR SALE
1/66
null | 3.32% Cap Rate

16522-16536 Park Row
Houston, TX 77084
Energy Corridor


HIGHLIGHTS

  • Positioned in the Park Ten Business Park in West Houston 77084 with quick access to I-10, Highway 6, Barker Cypress, and the Grand Parkway (Hwy 99).
  • 3- Phase power to back Warehouse Bldg.
  • controlled access
  • 5750 sq ft. office with backup generator
  • 3 car lifts

OVERVIEW

This 17,750 square-foot multi-tenant commercial asset combines immediate, reliable rental income with clear near-term upside. Supported by an established leasing history, the property’s versatile layout featuring high demand climate-controlled warehouse space paired with office suites caters to a wide range of commercial tenants, minimizing long-term vacancy risk. Immediate Lease-Up Upside The current owner occupies 5,500 square feet and will be vacating the space, making it available for lease effective September 1st. Investor Value Add: Leasing this prime 5,500 SF suite at prevailing market rates stabilizes the asset at a 6.22% Cap Rate, giving an investor an immediate path to enhanced yields and forced appreciation. Owner-User Opportunity: Alternatively, an owner-operator can occupy the 5,500 SF suite for their own business while allowing the existing seven-tenant revenue stream to offset debt service and property operating costs.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

3.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Auto Repair, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.12

LAND SF

48,787

ZONING

-

APN/PARCEL ID

1075230000006

ASK ABOUT THIS PROPERTY

Cindy KosikThe Legacy Group by RE/MAX UniversalMore Info
281-725-7564

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Cindy KosikThe Legacy Group by RE/MAX UniversalMore Info
281-725-7564

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