3500 East Parkway | 3500 E Parkway
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3500 East Parkway 3500 E Parkway
10,578 SF Industrial Building Groves, TX 77619 $750,000 ($71/SF)
Investment Highlights
- Hwy Frontage
- Building in good Condition
- Long Term Tenant
Executive Summary
Investment property in good condition on Hwy 73 with long term Tenant in Baker Distribution Company. The Landlord is responsible for roof and structural maintenance as well as property insurance and remaining taxes after Tenant contributes $3,000. The Tenant is responsible for maintenance. Current lease includes annual 3% bumps in rent. Baker Distributing is a Watsco Business Unit. Watsco, Inc. is the largest distributor of Air Conditioning, Heating and Refrigeration equipment and related parts and supplies in the HVAC/R distribution industry.
Property Facts
| Price | $750,000 | Rentable Building Area | 10,578 SF |
| Price Per SF | $71 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1973 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.57/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 0.46 AC |
| Price | $750,000 |
| Price Per SF | $71 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 10,578 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Tenancy | Single |
| Parking Ratio | 0.57/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
Amenities
- Storage Space
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zoning
| Zoning Code | C-2 (General Commercial) |
| C-2 (General Commercial) |
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RE/MAX ONE
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3500 East Parkway | 3500 E Parkway
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