This property is Off-Market
Houston, TX 77032 ·
20,000 SF · Industrial For Sale
Hodgkins Business Park
|Building Size||20,000 SF||Tenancy||Multiple|
|Property Type||Industrial||Year Built||1978|
|Property Sub-type||Industrial-Business Park||Clear Ceiling Height||16 ft.|
|Property Use Type||Investment||Lot Size||34,968 SF|
|Listing ID: 18118121||Date Created: 04/10/2013||Last Updated: 01/28/2014|
Marcus & Millichap is pleased to offer Hodgkins Business Park in Houston, Texas for your consideration. A multitenant industrial facility, Hodgkins Business Park is 100 percent occupied and consists of 20,000 square feet of leasable area on 34,968 square feet of land. Of the five tenants that lease the Property, two of them have occupied the Property for over 20 years, demonstrating the viability and stability of the Property. Additionally, the lease roll is staggered with some leases extending out to 2015.
Hodgkins Business Park is located on the southeast corner of the intersection of Houston's two primary tollways: the Sam Houston Tollway/Beltway 8 and the Hardy Toll Road. Furthermore, the property is just to the north of Aldine Bender Road/FM 525, a major east/west thoroughfare that connects Houston's north freeway/Interstate 45 to the Eastex Freeway/U.S. 59. As a result, the Property is easily accessible from all corners of the greater Houston area.
Offered for $611,375, Hodgkins Business Park provides an investor the opportunity to acquire a well established, stabilized business park for an 11.59 percent current CAP rate.
The property is located just off Beltway 8 and the Hardy Toll Rd in North Houston just south of the Intercontinental Airport.
- 20,000 Square Foot Industrial Park
- 34,968 Square Foot Parcel
- 100 Percent Occupied
- Long Term Tenants
- Staggered Lease Roll
- Well Located | Immediate Access to Major Thoroughfares
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