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- LoopNet Team
8723 Easthaven Blvd
Houston, TX 77075
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- 15,000 Square Feet of Industrial Space on .92 Acres of Land
- Triple-Net Lease with annual 3% Rent Escalation for Increasing Return
- Warehouse Contains Seven Grade-Level Doors, Waiting Room, and Receptionist Room for Staff
- Three-Year Sale-Leaseback in Place with Easthaven Incorporated, A Commercial Masonry Group in Business Since the ‘80s
- Seller Reports Roof and HVAC Have Both Been Replaced in the Last Three Years
- Warehouse is Located 3 Miles from William P. Hobby Airport with Easy Access to Major Interstate 45
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built/Renovated | 1976/2022 |
| Building Class | B | Parking Ratio | 0.66/1,000 SF |
| Lot Size | 0.92 AC | Clear Ceiling Height | 14’ |
| Rentable Building Area | 15,000 SF | No. Drive In / Grade-Level Doors | 7 |
| Zoning | None | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.92 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2022 |
| Parking Ratio | 0.66/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | None |
ABOUT 8723 EASTHAVEN BLVD , HOUSTON, TX 77075
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 8723 Easthaven Boulevard in Houston, Texas, leased to Easthaven Masonry Company. The subject property consists of approximately 15,000 square feet of space and is situated on .92 acres of land. The asset features seven grade-level doors, a waiting room, and a receptionist room for staff. Both the roof and HVAC have been replaced in the last three years. There is a three-year sale-leaseback in place with Easthaven Incorporated, a commercial masonry group that has been in business since the ‘80s. The triple-net lease has annual 3 percent rent escalations for increasing return. The subject warehouse is located three miles from William P. Hobby Airport with easy access to major Interstate 45. The submarket vacancy rate is a stable 5.5 percent (CoStar).
PROPERTY TAXES
| Parcel Number | 0630310020016 | Improvements Assessment | $1,208,889 |
| Land Assessment | $280,000 | Total Assessment | $1,488,889 |
PROPERTY TAXES
