Listed by Joel Hill - Principal - Joel G Hill Commercial
$2,200,000
Well Located Owner/User Value Add Facility in Pasadena, TX
Details
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 17,000
Cap Rate 5.26%
NOI $115,800
Occupancy 60%
Tenancy Multi
Price per SqFt $129
Broker Co-Op Yes
Class B
Buildings 2
Stories 1
Acreage 1.490
Zoning None
Investment Type Owner/User
Industrial | 5.26% CAP | 17,000 SqFt
Marketing description
Owner/User Value Add Investment Opportunity with leases in place:
2 Buildings: 17,000 SF Total
• Heavy Power
• Building 1—12,000 SF
• Not in Floodplain
• Building 2—5,000 SF
• Opportunity for machine shop operators with existing leases in place
• Total Land: +/- 1.49 Acres (per Survey)
• Near Beltway 8
• No Zoning (Industrial Area)
Investment highlights
Owner/User Value Add Investment Opportunity with leases in place:
2 Buildings: 17,000 SF Total
• Heavy Power
• Building 1—12,000 SF
• Not in Floodplain
• Building 2—5,000 SF
• Opportunity for machine shop operators with existing leases in place
• Total Land: +/- 1.49 Acres (per Survey)
• Near Beltway 8
• No Zoning (Industrial Area)
Listing Contacts
Listed by Joel Hill - Principal - Joel G Hill Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,800.00
$9,650.00/mo
Valuation Metrics
0
DSCR
5.26%
Cap Rate
5.26%
ROI
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