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1310 Rankin Rd
Houston, TX 77073
Industrial For Sale · Industrial Property For Sale
·
611,981 SF
Property Facts
| Price | Not Individually For Sale | Property Subtype | Warehouse |
| Building Size | 611,981 SF | Building Class | B |
| Property Type | Industrial | Lot Size | 51.00 AC |
| Price | Not Individually For Sale |
| Building Size | 611,981 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 51.00 AC |
Executive Summary
This is a 17-building, 40,000 Amp+ served, 612k SF manufacturing campus on 51 acres just west of IAH along the Hardy Toll Road.
Wellbore Integrity Solutions owns and operates the site and wants to lease back 412k SF (67% of the campus) for 2-3 years. KOIL Energy leases 102k SF (17% of the campus) and has 9 years of term remaining. The remaining square footage is either vacant or leased on a short-term basis (Schlumberger has a small lab space that Wellbore is negotiating a longer-term renewal on).
Lots of value-add upside via reconfiguring some of these buildings and creating extra yard space and a great basis for functional crane-served manufacturing product with heavy power and rail (for the largest building). Wellbore’s preference is to sell the whole campus with a short-term leaseback on 8 of the buildings but there is definitely room for creativity.
This site would also be ideal for a forward-thinking Owner user who requires heavy power, over 60psi of Nat gas, heavy cranes, and rail service for a fraction of the cost that it would take to recreate.
Wellbore Integrity Solutions owns and operates the site and wants to lease back 412k SF (67% of the campus) for 2-3 years. KOIL Energy leases 102k SF (17% of the campus) and has 9 years of term remaining. The remaining square footage is either vacant or leased on a short-term basis (Schlumberger has a small lab space that Wellbore is negotiating a longer-term renewal on).
Lots of value-add upside via reconfiguring some of these buildings and creating extra yard space and a great basis for functional crane-served manufacturing product with heavy power and rail (for the largest building). Wellbore’s preference is to sell the whole campus with a short-term leaseback on 8 of the buildings but there is definitely room for creativity.
This site would also be ideal for a forward-thinking Owner user who requires heavy power, over 60psi of Nat gas, heavy cranes, and rail service for a fraction of the cost that it would take to recreate.
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