Old Main Street Multi-Tenant
Industrial | 10.69% CAP | 7,402 SqFt
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 11710 Old Main Street in Houston, Texas. The subject property consists of approximately 7,402 square feet of industrial space and is situated on 1.11 acres of land. The two-building asset features a clear height of 14’, three grade-level doors, metal construction, and 10 parking spaces. Positioned along a Union Pacific and Canadian Pacific/Kansas City rail line, the property has direct access to U.S. Route 90. Now 100 percent occupied, the property offers buyers a stabilized multi-tenant industrial investment with immediate in-place cash flow at a 10.69 percent cap rate. Despite its Houston location, the property has a low flood risk, lowering the cost of insurance.
Investment highlights
• Multi-Tenant 7,402-Square-Foot Industrial Asset Situated on 1.11 Acres
• Featuring Two Buildings, 14’ Max Clear Height, Three Grade Doors, and 10 Parking Spaces
• Close Proximity to Highway 90, 12 Miles Southwest of Downtown Houston
• 100% Occupied Industrial Asset Offered at a 10.69% Cap Rate with Immediate In-Place Cash Flow
• Outperforming Submarket with Record-Low 3.5% Vacancy and 5.0% Rent Growth
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