661 Frazier Commerce Dr - Industrial FOR SALE


Conroe, TX 77303
$7,030,400 USD
407-557-3824
661 Frazier Commerce Dr, Conroe, TX for Sale
$7,030,400 USD
Industrial - FOR SALE
1/5
null | 6% Cap Rate

661 Frazier Commerce Dr
Conroe, TX 77303


HIGHLIGHTS

  • Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S.
  • 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options
  • Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053
  • High Quality 2024 Build to Suit for Tenant - Strategic Facility with Proximity to Regional Energy Hubs Serving the Broader Gulf Coast
  • Rapidly Expanding Commercial Area + Residential Boom - Over 1MM SF of New Distribution Space
  • Located in the Premier Frazier Commerce Park - 41 AC Light Industrial Development | National Tenants

OVERVIEW

Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S. 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053 High Quality 2024 Build to Suit for Tenant - Strategic Facility with Proximity to Regional Energy Hubs Serving the Broader Gulf Coast Rapidly Expanding Commercial Area + Residential Boom - Over 1MM SF of New Distribution Space + Nearby Valley Ranch— a 1,400 Acre, Master Planned Community Located in the Premier Frazier Commerce Park - 41 AC Light Industrial Development | National Tenants Immediate Access to I-45 | 40 Miles from Houston, TX - Fifth Most Populous Metro in the US | GDP of $687 Billion Among Fastest Growing U.S. Cities - Houston Chronical - Over 30% Population Growth Since 2020 Census

FOR SALE DETAILS

PRICE

$7,030,400 USD

PRICE/SF

$467 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunstate Equipment | 10 Yr Absolute NNN

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.67

LAND SF

203,425

ZONING

-

APN/PARCEL ID

5181-00-00500

ASK ABOUT THIS PROPERTY

Scott GouldMarcus & MillichapMore Info
407-557-3824

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Scott GouldMarcus & MillichapMore Info
407-557-3824

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