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2059 Magnolia Dr 17,000 SF 100% Leased Industrial Building Pasadena, TX 77503 $2,500,000 ($147.06/SF)
Executive Summary
Situated just minutes from Beltway 8 in the heart of Pasadena's industrial corridor, 2059 Magnolia Street presents an exceptional value-add owner/user investment opportunity in one of Southeast Houston's most active industrial submarkets. This multi-tenant, two-building complex totaling 17,000 SF sits on 64,904.4 (per HCAD) of fully fenced, unzoned industrial land with existing income-producing leases already in place — offering immediate cash flow with significant upside through lease-up of the available machine shop space.
The facility features 3-phase heavy power and a clear span warehouse layout ideally suited for machine shop, light manufacturing, or warehouse/distribution operations. With stable tenants, an 18-foot clear height, grade-level loading doors, and a move-in ready condition, the property is a compelling play for both investors seeking NOI growth and owner/users looking to occupy a portion while offsetting costs with tenant income.
The facility features 3-phase heavy power and a clear span warehouse layout ideally suited for machine shop, light manufacturing, or warehouse/distribution operations. With stable tenants, an 18-foot clear height, grade-level loading doors, and a move-in ready condition, the property is a compelling play for both investors seeking NOI growth and owner/users looking to occupy a portion while offsetting costs with tenant income.
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per SF | $147.06 | Lot Size | 1.49 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 17,000 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1998 |
| Zoning | none | ||
| Price | $2,500,000 |
| Price Per SF | $147.06 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.49 AC |
| Rentable Building Area | 17,000 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Zoning | none |
Amenities
- Fenced Lot
- Yard
Utilities
- Water - City
- Sewer - City
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tom Stone
- Manufacturing
- -
- $8.40
- Triple Net
- Jan 2022
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tom Stone | Manufacturing | - | $8.40 | Triple Net | Jan 2022 |
1 1
Property Taxes
| Parcel Number | 0572220010002 | Improvements Assessment | $1,177,448 |
| Land Assessment | $220,700 | Total Assessment | $1,398,148 |
Property Taxes
Parcel Number
0572220010002
Land Assessment
$220,700
Improvements Assessment
$1,177,448
Total Assessment
$1,398,148
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2059 Magnolia Dr
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