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Evident 110 Magellan Cir 24,570 SF 100% Leased Flex Building Webster, TX 77598 For Sale
Investment Highlights
- Double Net lease structure provides investors with limited responsibilities
- Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation
- Current lease term extends through October 31, 2031, with one five-year renewal option remaining
- Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors
Executive Summary
Strategic Houston MSA Location
• Located within the Houston MSA, the fifth-largest metropolitan area in the United States with more than 7.6 million residents
• Positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities
• Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing, and professional services sectors
Global Technology Tenant with Industry Leadership
• Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial inspection technologies
• Company leverages more than 100 years of optical and scientific expertise originating from Olympus Corporation’s Scientific Solutions Division
• Worldwide operating platform spanning North America, Europe, and Asia supports a diversified global customer base
• Tenant serves mission-critical industries including aerospace, automotive, manufacturing, energy, and scientific research sectors
Mission-Critical Industrial Facility
• Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied by Evident Scientific
• Mission-critical location supporting advanced imaging, microscopy, and industrial inspection operations
• 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster, Texas
• Fee simple ownership provides investors with long-term control of the underlying real estate
• Located within the Houston MSA, the fifth-largest metropolitan area in the United States with more than 7.6 million residents
• Positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities
• Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing, and professional services sectors
Global Technology Tenant with Industry Leadership
• Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial inspection technologies
• Company leverages more than 100 years of optical and scientific expertise originating from Olympus Corporation’s Scientific Solutions Division
• Worldwide operating platform spanning North America, Europe, and Asia supports a diversified global customer base
• Tenant serves mission-critical industries including aerospace, automotive, manufacturing, energy, and scientific research sectors
Mission-Critical Industrial Facility
• Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied by Evident Scientific
• Mission-critical location supporting advanced imaging, microscopy, and industrial inspection operations
• 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster, Texas
• Fee simple ownership provides investors with long-term control of the underlying real estate
Property Facts
| Sale Type | Investment | Rentable Building Area | 24,570 SF |
| Property Type | Flex | No. Stories | 1 |
| Building Class | C | Year Built | 2016 |
| Lot Size | 1.09 AC |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.09 AC |
| Rentable Building Area | 24,570 SF |
| No. Stories | 1 |
| Year Built | 2016 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1364920010002 | Improvements Assessment | $2,866,742 |
| Land Assessment | $321,374 | Total Assessment | $3,188,116 |
Property Taxes
Parcel Number
1364920010002
Land Assessment
$321,374
Improvements Assessment
$2,866,742
Total Assessment
$3,188,116
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Evident | 110 Magellan Cir