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31557465
31557466

5801 Breen Dr, Houston, TX 77086

GR
TX 841845
TR
TX TX 732964
Marcus & Millichap - Austin
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas
$5,600,000
72 days on market
Updated 49 days ago

The Workshops at Breen

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 50,000
Net Rentable (SqFt) 50,000
Units 28
Cap Rate 5.78%
NOI $323,937
Occupancy 67.5%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.19%
Pro-Forma NOI $458,466
Price per SqFt $112
Class B
Year Built 2021
Buildings 8
Acreage 3.840
Ground Lease No
Ceiling Height 18'
Loading Docks 40

Industrial | 5.78% CAP | 50,000 SqFt

Marketing description

The property is a 50,000-square-foot multi-tenant shallow-bay industrial asset situated on 3.84 acres. This industrial complex consists of eight buildings, comprising 28 units with 40 (16’) grade-level doors, allowing for efficient loading and unloading of goods. The property features modern 2021 construction with 18-foot clear height, providing ample space for storage and operations. The metal construction of the buildings ensures durability and low maintenance costs. Additionally, the property has three-phase heavy power, making it suitable for a variety of industrial uses. The complex also includes 127 parking spaces, accommodating the needs of tenants and visitors. The property's design and features make it an attractive option for businesses seeking a functional and efficient industrial space.

Investment highlights

• 50,000-Square-Foot Multi-Tenant Shallow-Bay Industrial Asset on 3.84 Acres

• Modern 2021 Construction Featuring 18’ Clear Height, Eight Buildings, 28 Units, 40 (16') Grade-Level Doors, Three-Phase Heavy Power, Metal Construction, & 127 Parking Spaces

• In-Place Cash Flow With Significant Lease-Up Opportunity With 67.5% Occupancy

• Multi-Tenant Configuration Provides Diverse Income Stream With Premium Tenant Parking Available

• Strategically Located in Densely Populated Highway 290/Tomball Parkway Submarket in Northwest Houston

Listing Contacts

GR
TX 841845
TR
TX TX 732964
Marcus & Millichap - Austin
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$323,937.00
$26,994.75/mo

Valuation Metrics

0
DSCR
5.78%
Cap Rate
5.78%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Grant Roosma
License
841845
Brokerage Phone
(713) 452-4384
Name
Tyler Ranft
License
TX 732964
Brokerage
Marcus & Millichap
Brokerage Phone
(512) 338-7883
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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