Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas
$1,550,000
Borderline Fitness Supply
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 17,472
Net Rentable (SqFt) 17,472
Units 1
Cap Rate 8.45%
NOI $131,040
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 11.27%
Pro-Forma NOI $174,720
Price per SqFt $89
Class C
Year Built 1993
Buildings 2
Stories 1
Acreage 1.760
Parking Spaces 26 spaces
Parking per 1,000 SqFt 1.49
Ground Lease No
Ceiling Height 20
Loading Docks 4
Ownership Fee Simple
Industrial | 17,472 SqFt
Marketing description
The subject property is a single-tenant industrial asset that spans 17,472 square feet and is situated on a 1.76-acre site. This industrial property features metal construction and has a clear height of 18-20 feet, which provides ample space for various industrial operations. The property also boasts four grade-level doors, allowing for easy access and maneuverability. Additionally, there are 26 parking spaces available, providing sufficient room for employees and visitors. The property's design and layout make it an ideal location for industrial and manufacturing activities. The metal construction of the property also ensures durability and low maintenance costs. The overall design of the property is functional and efficient.
Investment highlights
- Single-Tenant 17,472-Square-Foot Industrial Asset Situated On 1.76 Acres
- Featuring Metal Construction, 18’-20’Clear Height, Four Grade-Level Doors, and 26 Parking Spaces
- Leased to Borderline Fitness Supply LLC, Wholesale Provider of Quality Used Gym Equipment
- Short-Term NNN Lease Through April 2027 with Below-Market Rent of $7.50/SF, Creating Value-Add Investment Opportunity
- Located Less than One Mile from Tomball Tollway (TX 249) Service Road, 38-Minute Drive NW of Downtown Houston
Listing Contacts
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,040.00
$10,920.00/mo
Valuation Metrics
0
DSCR
8.45%
Cap Rate
8.45%
ROI
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