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1202 Hahlo St 75,839 SF Industrial Building Houston, TX 77020 $7,294,534 ($96.18/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 75,839 SF industrial facility situated on 3.811 acres of land.
- Property includes multiple bridge and jib cranes.
- Positioned in close proximity to Loop 610, Houston Ship Channel, Interstate 45, Highway 225, and Interstate 10.
- Leased through December 31, 2030.
EXECUTIVE SUMMARY
Partners is pleased to present the opportunity to acquire 1202 Hahlo Street, a ±75,839 SF, industrial facility situated on ±3.811 acres in Houston, Texas. Home to TEAM Industrial Services, Inc., a publicly traded provider of a range of specialized industrial services focused on the construction, maintenance, and monitoring of pressurized piping and associated systems. The property features include partially HVAC warehouse, dock high and ramp loading doors, T5 warehouse lights, and multiple bridge cranes ranging from 1/2-ton to 15-tons. TEAM Industrial Services has been in the building since 2016 and just executed a five (5) year renewal. Team Industrial Services serves customers in the refining, petrochemical, power, pipeline, and other heavy industrial industries with a high level of service. This is one of more than 220 U.S. and international locations - with service locations in five continents. The property is located in East Houston's active industrial submarket, less than a mile away from Loop 610, with immediate access to the Houston Ship Channel, Highway 225, Interstate 45, and Interstate 10. Houston's Industrial Manufacturing Vacancy Rate is at a historically low 2.5%, making this an excellent acquisition opportunity.
PROPERTY FACTS
| Price | $7,294,534 | Rentable Building Area | 75,839 SF |
| Price Per SF | $96.18 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1971 |
| Cap Rate | 7% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.71/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 22’ |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.52 AC |
| Price | $7,294,534 |
| Price Per SF | $96.18 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.52 AC |
| Rentable Building Area | 75,839 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 0.71/1,000 SF |
| Clear Ceiling Height | 22’ |
| Opportunity Zone |
Yes |
AMENITIES
- Fenced Lot
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 0402650010005 | Improvements Assessment | $2,553,139 |
| Land Assessment | $411,744 | Total Assessment | $2,964,883 |
PROPERTY TAXES
Parcel Number
0402650010005
Land Assessment
$411,744
Improvements Assessment
$2,553,139
Total Assessment
$2,964,883
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1202 Hahlo St
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