1307 ILLINOIS ST SOUTH HOUSTON TX 77587-5418
Leased Illinois Street Warehouses with Seller Financing Available
Marketing description
Three-property industrial portfolio in South Houston totaling ±10,860 SF across three tenanted steel/metal warehouse buildings. Current gross income is $5,700/month, with upside through rent increases or renewals. Portfolio includes 1307 Illinois St, 1309 Illinois Ave (same lot must be sold together), and 1313 Illinois St (separate lot). Offered as a package with a discounted portfolio price: $1,300,000 with seller financing or $1,250,000 cash or conventional financing. Seller financing available with 30% down, 25-year amortization, and flexible terms of 36 months at 6% or 60 months at 8%. Strong small-bay industrial opportunity near Hobby Airport.
Tenant Info :
STANCO, a long-term machine shop / precision manufacturing tenant. The use is well-aligned with the property’s industrial features, including steel/metal construction, 3-phase power, fenced lot area, and 16’ clear height.
Investment highlights
- Three-property South Houston industrial portfolio totaling ±10,860 SF
- Long-term occupied small-bay warehouse assets with existing tenants in place
- Seller Financing Option 36 months at 6% or 60months at 8% with 30% Down and 25 years Amortization
- Below-market rents create upside through renewals or future rent increases
- Flexible exit strategy, with 1307 and 1309 on the same lot to be sold together, and 1313 Illinois positioned on a separate lot for future hold, refinance, or resale flexibility.
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