Listed by Matthews
$1,700,000
AWG Gases & Welding Supply
Details
Property Type Industrial
Square Footage 11,000
Tenancy Single
Price per SqFt $155
Year Built 1988
Year Renovated 2018
Acreage 0.690
Investment Type Net Lease
Ground Lease No
Dock High Doors 4
Industrial | 11,000 SqFt
Investment highlights
- Premier Infill Location - Strategically positioned within the Houston MSA, the property benefits from strong surrounding demographics and a highly desirable infill industrial submarket characterized by significant barriers to entry.
- Established Energy Hub - Houston is the leading U.S. market for oil and gas, providing an ideal environment for energy-related tenants and supporting durable, long-term demand for this asset class.
- Proximity to Key Demand Drivers - Located near the Port of Houston and the region's core refinery and petrochemical corridor, the asset benefits from sustained demand driven by industrial and energy users.
- Exceptional Connectivity - Immediate access to Interstate 10 and the 610 Loop enables efficient distribution throughout the Houston MSA and access to major regional transportation corridors.
- Mission-Critical Tenancy - The property supports specialized gas distribution operations, resulting in significant tenant investment and a strong likelihood of lease renewal.
- Scaled National Tenant - AWG operates more than 100 retail locations and 22 fill plants across 23 states, offering operational scale, financial stability, and platform depth.
- Supply-Constrained Submarket - Limited availability of functional industrial space in the immediate area continues to support rent growth and high occupancy levels.
- Strong Market Fundamentals - Houston remains one of the nation's most active industrial markets, driven by population growth, port expansion, and continued strength in the energy sector.
- Mark-to-Market Upside - Current in-place rent is below market, with a contractual fair market value reset in year four, providing a clear path to NOI growth and meaningful upside for investors.
Listing Contacts
Listed by Matthews
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