Listed by Shaw Real Estate
$5,600,000
421 Schweikhardt St
Details
Property Type Industrial, Land
Sub Type Distribution, Warehouse
Square Footage 129,530
Net Rentable (SqFt) 129,530
Tenancy Vacant
Year Built 1940
Year Renovated 1990
Buildings 3
Acreage 4.425
Zoning None
Investment Type Value Add
Ceiling Height 22’
Loading Docks 2
Dock High Doors 7
Ownership Fee simple
Massive upside on this value add ADR opportunity
Marketing description
Prime Property for Sale 4.425 Acres
421 Schweikhardt (“The Silo”) is a former industrial complex located just minutes from Downtown Houston. The property consists of two large metal warehouse buildings with mezzanine space and a concrete building that can be used for industrial or repurposed for office, showroom, creative, or event use. This offering contemplates a program of new roofs, basic building repairs, site clean-up, and lease-up at market industrial rents with a 5-year hold and disposition at a 7.50% exit cap rate.
Investment highlights
- 129,530 sf Warehouse
- +/-5,000sf Office area;
- Concrete and Metal Dock wells, grade level doors
- Heavy Power
- Total Building Area: 129,530 SF (per survey)
- Metal is 75,530 plus two mezzanine levels 10,500 each
- Concrete Building: 33,000 SF
- Site Area: ±4.425 acres (±192,765 SF)
- Zoning: Industrial (buyer to verify)
- Proposed Use: Industrial with optional event / creative space component
Listing Contacts
Listed by Shaw Real Estate
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