33204 Magnolia Cir - Sports and Entertainment FOR SALE


Magnolia, TX 77354
$6,499,000 USD
832-795-7433
33204 Magnolia Cir, Magnolia, TX for Sale
$6,499,000 USD
Sports and Entertainment - FOR SALE
1/6
null | 6.86% Cap Rate

33204 Magnolia Cir
Magnolia, TX 77354


HIGHLIGHTS

  • Prime location
  • Long term lease in place

OVERVIEW

Prime investment opportunity! Located in rapidly growing Montgomery County, TX, in Magnolia and minutes from The Woodlands, Conroe, Montgomery, and Tomball. This prime single-tenant industrial warehouse space spans approximately. 38,000 SF across five free-standing metal buildings on 3.86 acres in Magnolia, TX. With a long-term tenant in place until March 2030, offering a 6.86% cap rate and annual rent bumps, this property presents a lucrative investment opportunity. Benefiting from its close proximity to FM 1488 with over 40,000 VPD. Located within walking distance of HEB, Marble Slab, Great American Cookie Co, Hollywood Feed, among many other businesses. The three larger buildings (A, B, C) feature 32' ceiling heights, large manual roll-up doors, custom sports court flooring, and fully air-conditioned interiors. Building A includes offices, restrooms, and a concession/kitchen area. Additional buildings include a 1430 square foot office building and a 660 square foot workout space, both fully air conditioned. The property also includes two full-sized sand volleyball courts with lights and netting, as well as a separate storage building. Contact the agent/owner today for more information.

FOR SALE DETAILS

PRICE

$6,499,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.86 AC

LAND SF

168,142 SF

ZONING

2

APN/PARCEL ID

5171-00-00910

ASK ABOUT THIS PROPERTY

Shelly BurkePinnacle Realty AdvisorsMore Info
832-795-7433

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Shelly BurkePinnacle Realty AdvisorsMore Info
832-795-7433

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