Absolute NNN Lease | IMS Worldwide | 309 Henrietta Ave
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Absolute NNN Lease | IMS Worldwide 309 Henrietta Ave
4,059 SF Office Building Webster, TX 77598 $1,196,800 ($295/SF) 7.50% Cap Rate
Investment Highlights
- Absolute NNN Lease | Annual Rent Escalations of 2.00% | Primary Lease Until 12/31/2030
- Webster is positioned midway between downtown Houston and Galveston. NASA served as a catalyst to grow the City of Webster and the region
- IMS Worldwide Inc. provides a multitude of services to the international trade industry
- Webster’s medical center accommodates a service area population exceeding more than 1,800,000 patients annually
Executive Summary
Absolute NNN Lease | Annual Rent Escalations of 2.00% | Primary Lease Until 12/31/2030
IMS Worldwide Inc. provides a multitude of services to the international trade industry. These services include consultations in foreign-trade zone establishment, real estate & logistical trends, supply chain security, industrial park tenanting & development, and energy/chemical facility security. IMS Worldwide, Inc. (IMSW) is celebrating their 35th year in the consulting business.
Webster is positioned midway between downtown Houston and Galveston. NASA served as a catalyst to grow the City of Webster and the region. Webster has been home to many aerospace companies, including Ad Astra Rocket Company, Leidos, Nanoracks, and Lockheed Martin’s Exploration Development Laboratory.
Two of Webster’s growth industries have always been aerospace and medical. Webster became the “medical center of the south” with Houston as the “medical center of the north” beginning in 1972 with Clear Lake Regional Medical Center (now HCA Houston Healthcare Clear Lake). Webster’s medical center accommodates a service area population exceeding more than 1,800,000 patients annually. With the opening of University of Texas Medical Branch - Clear Lake in 2019
IMS Worldwide Inc. provides a multitude of services to the international trade industry. These services include consultations in foreign-trade zone establishment, real estate & logistical trends, supply chain security, industrial park tenanting & development, and energy/chemical facility security. IMS Worldwide, Inc. (IMSW) is celebrating their 35th year in the consulting business.
Webster is positioned midway between downtown Houston and Galveston. NASA served as a catalyst to grow the City of Webster and the region. Webster has been home to many aerospace companies, including Ad Astra Rocket Company, Leidos, Nanoracks, and Lockheed Martin’s Exploration Development Laboratory.
Two of Webster’s growth industries have always been aerospace and medical. Webster became the “medical center of the south” with Houston as the “medical center of the north” beginning in 1972 with Clear Lake Regional Medical Center (now HCA Houston Healthcare Clear Lake). Webster’s medical center accommodates a service area population exceeding more than 1,800,000 patients annually. With the opening of University of Texas Medical Branch - Clear Lake in 2019
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
4,059 SF
Building Class
B
Year Built
2002
Price
$1,196,800
Price Per SF
$295
Cap Rate
7.50%
NOI
$89,760
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,059 SF
Building FAR
0.43
Land Acres
0.22 AC
Zoning
OF
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Brad Kam -
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Absolute NNN Lease | IMS Worldwide | 309 Henrietta Ave
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