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Hodgkins Business Park
903 Hodgkins, Houston, TX 77032
20,000 SF | Industrial
Industrial Property - Off Market
- Building Size:
- 20,000 SF
- Property Type:
- Property Sub-type:
- Industrial-Business Park
- Property Use Type:
- Cap Rate:
- Year Built:
- Clear Ceiling Height:
- 16 ft.
- Lot Size:
- 34,968 SF
- Listing ID
- Last Updated
- 42 days ago
- 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
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.
Map of 903 Hodgkins, Houston, TX 77032 (Harris County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P