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19960 Highway 242 22,700 SF 100% Leased Industrial Building Conroe, TX 77306 $3,700,000 ($163.00/SF) 7.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Includes 5 warehouses
- Below market rent
- Heavy power, large grade level doors, fully insulated
- Each warehouse has an outside storage area
EXECUTIVE SUMMARY
The property consists of a total building size of 22,700 square feet on a 7.0-acre lot, currently generating a NOI of $282,549, with below-market rent. The property includes five warehouses and is fully leased at 100% occupancy. Each warehouse is equipped with heavy power, large grade-level doors, an outside storage area, and is fully insulated. The buildings have never flooded, offering added security for tenants and investors. Investors have the option to purchase all five warehouses or package two-three.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Mezzanine
- Security System
- Signage
- Storage Space
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 0419-00-04702 | Improvements Assessment | $992,616 |
| Land Assessment | $639,430 | Total Assessment | $1,632,046 |
PROPERTY TAXES
Parcel Number
0419-00-04702
Land Assessment
$639,430
Improvements Assessment
$992,616
Total Assessment
$1,632,046
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19960 Highway 242
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