5432 FM 1488 Rd - Parking Lots & Garages FOR SALE


Magnolia, TX 77354
$800,000 USD
832-934-4451
5432 FM 1488 Rd, Magnolia, TX for Sale
$800,000 USD
Parking Lots & Garages - FOR SALE
1/6
null | 9.4% Cap Rate

NEW


5432 FM 1488 Rd
Magnolia, TX 77354


HIGHLIGHTS

  • Enthusiast Property
  • Full build out
  • Current tenant on Multi year lease

OVERVIEW

THE ULTIMATE COLLECTOR’S SANCTUARY Offered as a contiguous double-unit suite within the prestigious Garages of America private community. This isn't just a garage; it’s a high-end, climate-controlled gallery designed for the most discerning automotive enthusiasts. INVESTMENT HIGHLIGHTS Immediate Cash Flow: Secure a turn-key asset with a reputable tenant already in place. Lease Term: Three (3) years remaining on a multi-year lease. Pre-Paid Rent: $80,000 in pre-paid rent to be credited to the buyer at closing. Value Play: Two units (G10 & G11) being sold as a single, expanded footprint. PREMIUM FEATURES & FINISHES Showroom-Grade Aesthetics Signature Lighting: Custom oversized Hexagon LED ceiling grids providing brilliant, shadow-free illumination. Epoxy Flooring: High-performance epoxy flake flooring throughout the entire main level and bathroom. Designer Palette: Sleek charcoal walls paired with blacked-out industrial ceilings and exposed ductwork. Structural & Functional Excellence: Expansive Mezzanine: A heavy-duty structural mezzanine overlooks the gallery, perfect for a private office or luxury lounge. Full Luxury Bath: Features a walk-in tiled shower, modern trough sink with matte-black hardware, and premium fixtures. High-Clearance Access: Large, high-clearance roll-up garage door equipped with integrated windows for natural light. Community Perks: Gated 24/7 security, climate control, and access to the exclusive owner’s clubhouse. LOCATION Situated on the high-growth FM 1488 corridor, these units offer prime proximity to The Woodlands and major Texas thoroughfares, ensuring long-term property appreciation and desirability.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

9.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Garages of America Unit G10-11

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.34 AC

LAND SF

406,660 SF

ZONING

-

APN/PARCEL ID

5262-00-00100

ASK ABOUT THIS PROPERTY

Ross SmithMODUS Real EstateMore Info
832-934-4451

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Ross SmithMODUS Real EstateMore Info
832-934-4451

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