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20130309
20704155

6912 Calhoun Rd, Houston, TX 77021

Trinh Nguyen
Listed by Trinh Nguyen
$1,120,000
623 days on market
Updated 30 days ago
Opportunity zone

8.8% Cap, Newly Renovated Industrial Building

Details
Property Type Industrial, Mixed Use (+1)
Sub Type Flex, Manufacturing (+1)
Square Footage 14,596
Units 4
Cap Rate 8.84%
NOI $98,966
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $77
Class B
Year Built 1962
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 21,825
Investment Type Stabilized
Ground Lease No

Unbelievable High Cap 8.8% Flex Building - Fully Leased

Marketing description

The Realty is pleased to present to you a standout industrial flex space at 6912 Calhoun Rd, Houston, TX 77021. Completed in 2023, this property offers a unique investment opportunity with a strong 8.5% cap rate.

While many flex spaces are known for their sleek appearances but lackluster returns, this property defies expectations. It may not be the flashiest on the block, but it delivers impressive financial performance. With a solid 8.5% return, it proves that substantial gains can come from a no-frills, high-performing asset.

This newly constructed facility features 14,596 square feet of versatile space on a 21,825 square foot lot. The building’s modern design includes a steel structure with a half brick and half steel exterior, ensuring both durability and a contemporary look. The flexible layout supports various uses, including showroom and light industrial applications.

Currently fully occupied by four stable tenants, the property offers room for rental increases due to below-market rates, enhancing its investment potential. Located in a rapidly developing area with new residential constructions nearby, it stands to benefit from the increased demand in the surrounding region.

Per Seller, each unit square footage is

-Unit 1: 3,600sqft

-Unit 2: 3,600sqft

-Unit 3: 4,500sqft

-Unit 4: 3,600sqft

Don’t miss your chance to capitalize on this high-return gem in a thriving location. Contact us at [email protected] or call 832-356-8746

Please use the link below to sign our NDA. Financial information will be available to view upon the receipt of NDA.

https://form.jotform.com/242536872434057

Investment highlights

  • An 8.8% cap rate is a rare opportunity in the Houston area.
  • 4 units, recently renovated in 2023.
  • 3-phase power in 3 units except the last one
  • Gross leases generate approximately $9,400 per month in total rent.
  • Owner can self-manage, minimal management needed.
  • The property is situated near several expanding residential neighborhoods.

Listing Contacts

Trinh Nguyen
Listed by Trinh Nguyen

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,966.00
$8,247.17/mo

Valuation Metrics

0
DSCR
8.84%
Cap Rate
8.84%
ROI

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Additional Information

Name
Thế Trinh Nguyen
License
617251
Brokerage
The Realty TX
Title
Broker
Brokerage Address
9788 Clarewood Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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