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Sunstate Equipment | 10 Yr Absolute NNN 661 Frazier Commerce Dr 15,040 SF Industrial Building Conroe, TX 77303 $7,030,400 ($467.45/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S.
- Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053
- Rapidly Expanding Commercial Area + Residential Boom - Over 1MM SF of New Distribution Space
- 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options
- High Quality 2024 Build to Suit for Tenant - Strategic Facility with Proximity to Regional Energy Hubs Serving the Broader Gulf Coast
- Located in the Premier Frazier Commerce Park - 41 AC Light Industrial Development | National Tenants
EXECUTIVE SUMMARY
Sale-Leaseback with Sunstate Equipment Co., Inc
- Top 10 Equipment Rental Company in the U.S.
10-Year Absolute NNN Lease | 2.5% Rent Bumps
- Zero LL Responsibilities | Three Five-Year Options
Wholly Owned Subsidiary of Sumitomo Corporation
- $35.5 Billion Market Cap | Publicly Traded TYO: 8053
High Quality 2024 Build to Suit for Tenant
- Strategic Facility with Proximity to Regional Energy Hubs
Serving the Broader Gulf Coast
Rapidly Expanding Commercial Area + Residential Boom
- Over 1MM SF of New Distribution Space + Nearby Valley
Ranch— a 1,400 Acre, Master Planned Community
Located in the Premier Frazier Commerce Park
- 41 AC Light Industrial Development | National Tenants
Immediate Access to I-45 | 40 Miles from Houston, TX
- Fifth Most Populous Metro in the US | GDP of $687 Billion
Among Fastest Growing U.S. Cities - Houston Chronical
- Over 30% Population Growth Since 2020 Census
- Top 10 Equipment Rental Company in the U.S.
10-Year Absolute NNN Lease | 2.5% Rent Bumps
- Zero LL Responsibilities | Three Five-Year Options
Wholly Owned Subsidiary of Sumitomo Corporation
- $35.5 Billion Market Cap | Publicly Traded TYO: 8053
High Quality 2024 Build to Suit for Tenant
- Strategic Facility with Proximity to Regional Energy Hubs
Serving the Broader Gulf Coast
Rapidly Expanding Commercial Area + Residential Boom
- Over 1MM SF of New Distribution Space + Nearby Valley
Ranch— a 1,400 Acre, Master Planned Community
Located in the Premier Frazier Commerce Park
- 41 AC Light Industrial Development | National Tenants
Immediate Access to I-45 | 40 Miles from Houston, TX
- Fifth Most Populous Metro in the US | GDP of $687 Billion
Among Fastest Growing U.S. Cities - Houston Chronical
- Over 30% Population Growth Since 2020 Census
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $7,030,400 | Building Class | B |
| Price Per SF | $467.45 | Lot Size | 4.67 AC |
| Sale Type | Investment | Rentable Building Area | 15,040 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Price | $7,030,400 |
| Price Per SF | $467.45 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 4.67 AC |
| Rentable Building Area | 15,040 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
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PROPERTY TAXES
| Parcel Number | 5181-00-00500 | Improvements Assessment | $0 |
| Land Assessment | $1,246,321 | Total Assessment | $1,246,321 |
PROPERTY TAXES
Parcel Number
5181-00-00500
Land Assessment
$1,246,321
Improvements Assessment
$0
Total Assessment
$1,246,321
CONTACTS
-
Scott Gould -
Rory Shelby -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Sunstate Equipment | 10 Yr Absolute NNN | 661 Frazier Commerce Dr
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