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9905 Clinton Dr 20,000 SF Industrial Building Houston, TX 77029 $4,800,000 ($240/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 20,000 SF Industrial Facility Situated on 1.91 Acres of Land.
- Property Includes an Alignment Machine & Balancing Machine for Commercial Trucks.
- Property is Located Outside the Flood plain.
- Positioned in Close Proximity to Loop 610, Houston Ship Channel, Interstate 45, Highway 225, and Interstate 10.
- 20,000+ Vehicles Per Day on Clinton Drive.
- Strategically Located Less Than One Mile From Loop 610 and Surrounded by Several Heavy Trucking Industrial Companies.
EXECUTIVE SUMMARY
Partners is pleased to present the opportunity to acquire 9905 Clinton Drive, a ±20,000 SF, industrial facility situated on ±1.91 acres in Houston, Texas. Home to Truck Max, a retailer of commercial trucking parts, accessories, and tires. The property features ±5,800 SF of showroom/office space and ±14,200 SF of warehouse. Truck Max has been in business since 2015, supplying the greater Houston area trucking industry with parts, accessories, and tires, and is a certified dealer of Toyo Tires. In addition to supplying accessories, parts, and tires, Truck Max offers brake checks, alignments and balancing, repairs, and State inspections. Truck Max recently signed a 10-year lease with 3.00% annual base rent escalations. The property is located in East Houston's active industrial submarket, less than a mile away from Loop 610, with immediate access to the Houston Ship Channel, Highway 225, Interstate 45, and Interstate 10.
PROPERTY FACTS
| Price | $4,800,000 | Building Class | B |
| Price Per SF | $240 | Lot Size | 1.91 AC |
| Sale Type | Investment | Rentable Building Area | 20,000 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2015 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | $4,800,000 |
| Price Per SF | $240 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.91 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Tenancy | Single |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Truck Max
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Truck Max | Services | - | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,343,481 | |
| Land Assessment | $831,560 | Total Assessment | $2,175,041 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$831,560
Improvements Assessment
$1,343,481
Total Assessment
$2,175,041
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9905 Clinton Dr
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