19960 Highway 242 - Warehouse FOR SALE


Conroe, TX 77306
$3,700,000 USD
832-967-7376
19960 Highway 242, Conroe, TX for Sale
$3,700,000 USD
Warehouse - FOR SALE
1/5
null | 7.64% Cap Rate

19960 Highway 242
Conroe, TX 77306


HIGHLIGHTS

  • Includes 5 warehouses
  • Heavy power, large grade level doors, fully insulated
  • Below market rent
  • Each warehouse has an outside storage area

OVERVIEW

The property consists of a total building size of 22,700 square feet on a 7.0-acre lot, currently generating a NOI of $282,549, with below-market rent. The property includes five warehouses and is fully leased at 100% occupancy. Each warehouse is equipped with heavy power, large grade-level doors, an outside storage area, and is fully insulated. The buildings have never flooded, offering added security for tenants and investors. Investors have the option to purchase all five warehouses or package two-three.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

17

PARKING SPACES

31

LAND DETAILS

LAND ACRES

7

LAND SF

304,920

ZONING

None

APN/PARCEL ID

0419-00-04702

ASK ABOUT THIS PROPERTY

Daniel StumpfEvermark Commercial GroupMore Info
832-967-7376

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Daniel StumpfEvermark Commercial GroupMore Info
832-967-7376

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