Arrowstar Realty
Listed by Arrowstar Realty
$2,300,000
13939 Old Texaco Road
Details
APN 0244-02-01500
Property Type Industrial
Sub Type Manufacturing, R&D
Square Footage 22,220
Cap Rate 7.57%
NOI $174,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8
Lease Expiration 07/01/2031
Remaining Term 5
Buildings 2
Stories 1
Acreage 2.565
Zoning 1
Investment Type Net Lease
Lease Commencement 06/30/2023
Occupancy Date 06/30/2023
Ground Lease No
Ceiling Height 16
Sale Condition 1031 exchange
Industrial | 7.57% CAP | 22,220 SqFt
Marketing description
Industrial Investment in Conroe with a Cap Rate of 7.57% and NOI of $174,000!
Long-term Tenant just renewed lease for 5 years! Lease signed for July 1, 2026 – July 1, 2031!
22,220 SF Industrial/Manufacturing Facility on 2.5 Acres Consisting of a 9,000 SF Warehouse, a 7,200 SF Warehouse and a 4,800 SF Covered Canopy That Can Be Enclosed Between the Two Buildings. 1,220 SF of Office Space with Two Offices, a Restroom and a Kitchenette. High and dry! Located along the northwest line of Old Texaco Rd, just southwest of FM 3083!
For More Information, Call Robert Graham at (936) 672-2087!
Investment highlights
- Long term Tenancy
- Unrestricted
- Close to Major Roadways
Listing Contacts
Arrowstar Realty
Listed by Arrowstar Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,000.00
$14,500.00/mo
Valuation Metrics
0
DSCR
7.57%
Cap Rate
7.57%
ROI
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