Listed by Caldwell Companies Houston
$1,095,000
Humble Westfield Building D
Details
Property Type Office, Industrial
Sub Type Flex, Warehouse
Square Footage 5,990
Cap Rate 7.31%
NOI $80,000
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 03/30/2029
Year Built 2016
Lease Commencement 03/31/2026
Ground Lease No
Ownership Fee Simple
Office | 7.3% CAP | 5,990 SqFt
Marketing description
Established local business that has been operating for several years - very profitable and steadily growing.
Triple Net (NNN) Lease - 3 year
Recent Construction - The building is one of several in a deed restricted business park, constructed in 2016 and features modern stone and stucco store fronts.
Attractive Rental Increase to Hedge Against Inflation - The lease will feature a one time – 3.00% increase halfway through the 3-year term.
Excellent Semi-retail location near US 59 and FM 1960- The subject property has signage rights on busy FM 1960 to provide more of a retail identity
Investment highlights
Listing Contacts
Listed by Caldwell Companies Houston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,000.00
$6,666.67/mo
Valuation Metrics
0
DSCR
7.31%
Cap Rate
7.31%
ROI
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