NW Houston Business Park | 130,984 SF
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NW Houston Business Park | 130,984 SF
2 Industrial Properties Offered at $14,500,000 in Houston, TX
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED BUSINESS PARK
- NOI: $1,071,601
- 3.85 YEAR WALT
- NW HOUSTON INFILL LOCATION
- 7.39% CAP
- $3.3 MILLION RENOVATION IN 2021
EXECUTIVE SUMMARY
- PREMIER INFILL LOCATION IN NW HOUSTON WITH SIGNIFICANT BARRIERS TO ENTRY. LANG BUSINESS PARK IS 100% OCCUPIED CONSISTING OF 2 BUILDINGS WITH 8 TENANTS ON NNN LEASES WITH ANNUAL INCREASES. TENANTS RANGE FROM SERVICE ORIENTED TRADES TO SHARK TANK FUNDED ONLINE RETAILERS TO COLD STORAGE AND FOOD PROCESSING, PROVIDING INVESTORS A STABLE AND DIVERSIFIED TENANT MIX.
- BUILDING A CONSISTS OF ELEVEN SMALL BAY UNITS AVERAGING 4,550 SF AND ONE 21,250 SF UNIT WITH ADDITIONAL YARD SPACE. BUILDING B IS OCCUPIED BY A SINGLE TENANT COLD STORAGE, PROCESSING AND DISTRIBUTION COMPANY THAT IS INVESTING HEAVILY IN THEIR OWN BUILDOUT AND ARE AT A SIGNIFICANTLY REDUCED RENTAL RATE.
- OWNERSHIP HAS INVESTED OVER $3.3 MILLION IN RENOVATIONS IN 2021 TO INCLUDE RESKINNING EXTERIOR, OHDS, SPRINKLER SYSTEM, ROOF REPAIRS, AND ALL TENANT BUILDOUTS ARE NEW, INCLUDING AC, ELECTRICAL, AND PLUMBING.
- THE PROPERTY IS STRATEGICALLY POSITIONED ADJACENT TO HEMPSTEAD RD AND LESS THAN 1 MILE FROM HWY 290, CLOSE TO 610 AND I-10, PROVIDING EASY ACCESS TO OVER 1.5 MILLION PEOPLE WITHIN A 10 MILE RADIUS.
- GATED & CODED ACCESS WITH PERIMETER FENCE.
- BUILDING A CONSISTS OF ELEVEN SMALL BAY UNITS AVERAGING 4,550 SF AND ONE 21,250 SF UNIT WITH ADDITIONAL YARD SPACE. BUILDING B IS OCCUPIED BY A SINGLE TENANT COLD STORAGE, PROCESSING AND DISTRIBUTION COMPANY THAT IS INVESTING HEAVILY IN THEIR OWN BUILDOUT AND ARE AT A SIGNIFICANTLY REDUCED RENTAL RATE.
- OWNERSHIP HAS INVESTED OVER $3.3 MILLION IN RENOVATIONS IN 2021 TO INCLUDE RESKINNING EXTERIOR, OHDS, SPRINKLER SYSTEM, ROOF REPAIRS, AND ALL TENANT BUILDOUTS ARE NEW, INCLUDING AC, ELECTRICAL, AND PLUMBING.
- THE PROPERTY IS STRATEGICALLY POSITIONED ADJACENT TO HEMPSTEAD RD AND LESS THAN 1 MILE FROM HWY 290, CLOSE TO 610 AND I-10, PROVIDING EASY ACCESS TO OVER 1.5 MILLION PEOPLE WITHIN A 10 MILE RADIUS.
- GATED & CODED ACCESS WITH PERIMETER FENCE.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $14,500,000 | Number of Properties | 2 |
| Price / SF | $110.70 / SF | Individually For Sale | 0 |
| Cap Rate | 7.39% | Total Building Size | 130,984 SF |
| Sale Type | Investment | Total Land Area | 15.12 AC |
| Status | Active |
| Price | $14,500,000 |
| Price / SF | $110.70 / SF |
| Cap Rate | 7.39% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 130,984 SF |
| Total Land Area | 15.12 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building A
3530 Lang Rd, Houston, TX 77092 |
Industrial | 69,536 SF | 1955 | - |
|
Building B
3526 Lang Rd, Houston, TX 77092 |
Industrial | 61,448 SF | 1975 | - |
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NW Houston Business Park | 130,984 SF
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