12005 Cypress N Houston Rd
FLEX | 10,176 SqFt on 3.51 ACRES
Marketing description
Discover the Cypress North Houston Flex Building at 12005 Cypress North Houston Rd, Cypress, TX 77429. Priced for an incredible opportunity, this property features a 10,176 SF flex building on approximately 3.5127 acres, offering a versatile space for various business operations.
With 8 offices, warehouse, garage, lab/flex, kitchen, and more housed in this masonry building, the property boasts a flexible interior design suitable for light manufacturing, production lines, and administrative functions. The property's strategic layout includes warehouse space for efficient inventory management, research and development areas for innovation, and customer engagement zones.
Outdoor amenities like storage solutions and ample parking cater to logistics needs. Furthermore, the expansive grounds allow for future expansion, presenting opportunities for growth. Don't miss the chance to invest in a property that offers a dynamic environment for industrial and commercial activities, with potential for redevelopment and utility flexibility. Explore the Cypress North Houston Flex Building today!
Investment highlights
See Site Plan in marketing material. Approxlmately 36,000 SF of new flex space in 2-5 building configurations can be developed on the 3.51 acre site while either leaving the existing 10K building or razing and adding another new flex building.
Flex building rates are currently $13.00-16.00 PSF NNN for newer flex industrial buildings in the Cypress area. The current 10,176 SF flex building could command a rental rate towards the lower end of the range for older mixed use commercial buildings, say $9.00-$10.00 PSF NNN or approx. $100,000 in Net Operating Income as a going concern or interim income while finalizing plans and permits for future development.
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