713-830-2191
, Houston, TX for Sale
Industrial - FOR SALE
1/3
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Milwee Business Park
Houston, TX
Oak Forest-Garden Oaks


HIGHLIGHTS

  • Class B shallow-bay asset located in infill, Northwest Houston just 0.6 miles from U.S. 290.
  • 38,706 SF, 2-building park is currently 91% leased
  • Access OM - https://texas.colliers.com/due-diligence-registration-4901-milwee-st

OVERVIEW

Colliers is pleased to exclusively offer to qualified investors the opportunity to acquire 4901 Milwee, a Class B shallow-bay asset located in infill, Northwest Houston just 0.6 miles from U.S. 290. The 38,706 SF, 2-building park is currently 91% leased and offers an investor the opportunity to invest in strong existing cash flow that offers a value-add opportunity with limited capital expenditures. Investment Highlights: •    Infill Location: Asset’s infill location positions it in close proximity to population hubs and major thoroughfares like U.S. 290 and the 610 loop •    3 Year Stabilization Window: 21 months of WALT •    Below Market Rents: In-place rents are 20% below market; see cash flow assumptions on page 11 •    Limited CapEx Required: The asset has received a significant amount of capital improvements, including all deferred maintenance issues, and a majority of suites are fully renovated •    Existing Cash Flow: At 91% occupancy and a majority NNN leases, the asset offers stable cash flow with a mark-to-market lease up opportunity •    Strong Fundamentals: Shallow bay and small suite multi-tenant industrial assets seeing significant rent growth and occupancy with no competing assets under construction within the competitive trade area Access OM - https://texas.colliers.com/due-diligence-registration-4901-milwee-st

ASK ABOUT THIS PROPERTY

Todd MooreColliersMore Info
713-830-2191

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Todd MooreColliersMore Info
713-830-2191

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