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12430 Highway 3
Webster, TX 77598
Ellington Business Park · Industrial Property For Sale
Investment Highlights
- 110,516 Square-Foot Small-Bay Industrial and Retail Asset Situated on Five Acres
- Value-Add Opportunity Through Lease-Up and Transition to Triple-Net Lease Structures
- Proximate to William P. Hobby Airport, Ellington Field, and NASA Johnson Space Center
- Masonry Construction Featuring 89 Suites, 10' Clear Height, 87 Grade Level Doors, and Retail Storefront in Front Building
- Attractive 9.69% Pro Forma Cap Rate with Projected Yield-on-Cost Exceeding 8.30%
- Easy Access to Interstate 45 and Beltway 8
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1980/2003 |
| Lot Size | 5.00 AC | Parking Ratio | 1.81/1,000 SF |
| Rentable Building Area | 110,516 SF | Clear Ceiling Height | 10’ |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 5.00 AC |
| Rentable Building Area | 110,516 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2003 |
| Parking Ratio | 1.81/1,000 SF |
| Clear Ceiling Height | 10’ |
Amenities
- Fenced Lot
- Security System
Property Taxes
| Parcel Number | 0451060000111 | Improvements Assessment | $4,601,194 |
| Land Assessment | $2,178,000 | Total Assessment | $6,779,194 |
Property Taxes
Parcel Number
0451060000111
Land Assessment
$2,178,000
Improvements Assessment
$4,601,194
Total Assessment
$6,779,194
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