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8003 Miller Road 2

17,500 SF Industrial Building Houston, TX 77049 $3,100,000 ($177/SF) 5.37% Cap Rate

Industrial Properties Texas Houston 8003 Miller Road 2, Houston, TX 77049

Executive Summary

Investment Summary:
Tenant: Federal Steel Supply, LLC
Commenced: October 1, 2024
Expiration: September 30, 2029
Renewal Option: Tenant has (1) 5-year Renewal Option at the then FMV
Lease Type: Modified Gross
Rate: $19,500/Month (Modified Gross)
Increases: 3% Annually
Holdover: 150%
RE Taxes: Tenant shall pay any amount of RE Taxes more than 105% for the 2023 tax year (Landlord is responsible for a maximum of $67,500/Year)
Insurance: Tenant Responsibility
CAM: Tenant Responsibility

Attachments

8003 Miller Road 2 #3

Property Facts

Price $3,100,000 Lot Size 12.00 AC
Price Per SF $177 Rentable Building Area 17,500 SF
Sale Type Investment No. Stories 1
Cap Rate 5.37% Year Built 2012
Property Type Industrial Tenancy Single
Property Subtype
Manufacturing
  • Industrial Warehouse
  • Industrial Service
 Clear Ceiling Height 24 FT
Building Class B No. Drive In / Grade-Level Doors 5
Price $3,100,000
Price Per SF $177
Sale Type Investment
Cap Rate 5.37%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 12.00 AC
Rentable Building Area 17,500 SF
No. Stories 1
Year Built 2012
Tenancy Single
Clear Ceiling Height 24 FT
No. Drive In / Grade-Level Doors 5

Amenities

  • Air Conditioning

Utilities

  • Water
  • Sewer
1 of 1

PROPERTY TAXES

Parcel Number 0502220000149 Improvements Assessment $1,593,900
Land Assessment $1,560,809 Total Assessment $3,154,709

PROPERTY TAXES

Parcel Number
0502220000149
Land Assessment
$1,560,809
Improvements Assessment
$1,593,900
Total Assessment
$3,154,709

zoning

Zoning Code N/A
N/A
(713) 425-1810

  • Listing ID: 33936311

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 8003 Miller Road 2, Houston, TX 77049

More public record information on 8003 Miller Road 2, Houston, TX 77049

The Industrial Property at 8003 Miller Road 2, Houston, TX 77049 is currently available For Sale. Contact JLL for more information.

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8003 Miller Road 2
(713) 425-1810 x

8003 Miller Road 2

Will Clay

(713) 425-1810

(713) 425-1810

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