713-212-6574
500 Century Plaza Dr, Houston, TX for Sale
Light Distribution - FOR SALE
1/11
null | 7.5% Cap Rate

500 Century Plaza Dr
Houston, TX 77073
Northview


HIGHLIGHTS

  • Versatile Light Industrial Product Priced Well Below Replacement Cost
  • Proximate To George Bush Intercontinental Airport
  • Small to Mid-Size Industrial Inventory Continues To Outperform
  • Robust Leasing Velocity and Healthy Fundamentals
  • Distribution Locations Within Reach of 25 Million Residents

OVERVIEW

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Century Plaza (“the Property”), a Class B industrial asset totaling 49,910 square feet in the North Houston submarket. The Property is 100% leased to eight tenants with 4.6 years of weighted average lease term remaining. With a location between I-45 and Hardy Toll Rd, the Property is just 9 miles from George Bush Intercontinental Airport. The location offers tenants easy access to Beltway 8 and Interstate 45 enabling connectivity to the broader Houston MSA and the greater region. Century Plaza allows investors the opportunity to acquire a Houston asset well below replacement cost with current income stability and capitalize on the robust rent growth occurring in the Houston industrial market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Century Plaza

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

14

PARKING SPACES

124

LAND DETAILS

LAND ACRES

3.44

LAND SF

149,846

ZONING

F1

APN/PARCEL ID

1151470010002

ASK ABOUT THIS PROPERTY

Charles StraussHFF-Holliday Fenoglio FowlerMore Info
713-212-6574

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Charles StraussHFF-Holliday Fenoglio FowlerMore Info
713-212-6574

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