16271 AND 16281 NORTH FREEWAY 2 Industrial Properties Offered at $1,700,000 in Houston, TX

INVESTMENT HIGHLIGHTS

  • Easy access to I-45
  • Close proximity to Grand Parkway, George Bush Airport, The woodlands and Galveston port.
  • Flying J center 1 minute away
  • U-haul & storage as a neighbor directly in front of the business park

EXECUTIVE SUMMARY

This industrial portfolio consists of two (2) fully leased warehouses located in Houston, TX 77090. Each building is 5,400 square feet, totaling 10,800 SF across both properties.
The warehouses feature 20-foot clear heights, red and gray exteriors, and modern construction, built in 2022. Both buildings are connected to the local Municipal Utility District (MUD), providing reliable utilities and services.

PROPERTY FACTS

Price $1,700,000
Price / SF $157.41 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 6.68%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 10,800 SF
Total Land Area 0.34 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Phase 1 Building 5
16271 North Fwy, Houston, TX 77090
Industrial 5,400 SF 2021 -
Phase 1 Building 6
16281 North Fwy, Houston, TX 77090
Industrial 5,400 SF 2022 -
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  • Listing ID: 31903885

  • Date on Market: 5/23/2024

  • Last Updated:

  • Address: 16271 AND 16281 NORTH FREEWAY, Houston, TX