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Freestanding Infill Portfolio 5 Industrial Properties Offered at $5,100,000 in Houston, TX

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EXECUTIVE SUMMARY

Finial Group is pleased to offer qualified investors the opportunity to acquire 11421 -11437 Todd Street and 6001 Centralcrest in Houston, Texas (the “Properties”). The six buildings are a total of 44,187 square-feet. The infill freestanding industrial service buildings are located in northwest Houston. The Properties are 92% leased to six tenants with 2.3 years of weighted average lease term remaining and in-place rents 10% below market. With a location just outside Loop 610 in the heart of Houston's major industrial market, the Properties offers unparalleled access to surrounding demand drivers and national thoroughfares. The Properties presents investors a unique opportunity to acquire at a discount to replacement cost while featuring a strong submarket with excellent access to labor along with stable tenancy and predictable cash flow.

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PROPERTY FACTS

Price $5,100,000
Price / SF $144.60 / SF
Cap Rate 6.58%
Sale Type Investment
Status Under Contract
Number of Properties 5
Individually For Sale 0
Total Building Size 35,269 SF
Total Land Area 2.21 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
11437 Todd St, Houston, TX 77055 Industrial 9,700 SF 1984 -
11421 Todd St, Houston, TX 77055 Industrial 7,024 SF 1984 -
11431 Todd St, Houston, TX 77055 Industrial 6,545 SF 1984 -
11427 Todd St, Houston, TX 77055 Industrial 6,000 SF 1984 -
11425 Todd St, Houston, TX 77055 Industrial 6,000 SF 1984 -
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  • Listing ID: 29297582

  • Date on Market: 8/17/2023

  • Last Updated:

  • Address: Freestanding Infill Portfolio, Houston, TX

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