9605 Fm 1488 Rd | Magnolia, TX 77354
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- LoopNet Team
9605 Fm 1488 Rd
Magnolia, TX 77354
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Owned by Classic Collision who own 150 collision centers nationwide, and are partnered with New Mountain Capital a $20B dollar private equity group
- This is considered a high volume shop, with multiple OEM brand partners as well
- Extended the shop space in 2018 to accommodate for more workload
- Shop is Mercedes Benz Certified and partnered with the local Mercedes Benz of The Woodlands dealership
- NOI $330,000 and a continuous 10 year lease with 3, 5 year options after
- Beautiful lobby with 38 feet tall ceilings and a modern high end feel with marble wall
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
21,330 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Tenancy
Single
Building Height
2 Stories
Building FAR
0.12
Lot Size
4.00 AC
Parking
120 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
700’ on Farm to Market Rd 1488
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Security System
- Storage Space
- Air Conditioning
- Balcony
PROPERTY TAXES
| Parcel Number | 6791-05-37103 | Improvements Assessment | $4,716,443 |
| Land Assessment | $1,393,920 | Total Assessment | $6,110,363 |
PROPERTY TAXES
Parcel Number
6791-05-37103
Land Assessment
$1,393,920
Improvements Assessment
$4,716,443
Total Assessment
$6,110,363
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