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33229504

11339 NEESHAW DR, HOUSTON, TX 77065-4777

Ascension Advisory
Listed by Ascension Advisory
$5,316,667
8 days on market
Updated 7 days ago

Industrial Sale Leaseback Opportunity | 11339 Neeshaw Drive

Details
APN 1165650000021
Property Type Industrial
Square Footage 31,900
Units 1
Cap Rate 7.80%
NOI $414,700
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Year Built 2004
Buildings 1
Stories 2
Acreage 1.790
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Ground Lease No
Ceiling Height 18

Industrial Sale Leaseback Opportunity in Houston, TX

Marketing description

Industrial Sale Leaseback Opportunity in Houston, TX

Investment highlights

Established Environmental Services Contractor with Blue-Chip Industrial Customer Relationships – Basic Environmental Group is an established environmental services company providing field services, subcontracted specialty work, and equipment rental solutions to a diverse base of commercial, industrial, and institutional customers. The Company has built a proven track record as a prime contractor, serving sophisticated customers and project partners including ExxonMobil, BP, Shell, NASA, CBRE, JLL, and Compass, with a zero￾accident safety record that supports vendor approval, customer retention, and long-term relationships in highly controlled operating environments.

• Specialized Infrastructure and High Tenant Investment – The Subject Property serves as Basic Environmental Group’s sole operating facility and central base for equipment storage, project staging, crew dispatch, emergency response, regulated materials handling, and compliant storage for specialized equipment and consumables essential to executing active and incoming projects. The

facility also serves as Basic’s licensing base of record for its Mold Contractor, Lead Contractor, and Asbestos Contractor credentials, directly supporting the Company’s regulatory standing and access to industrial and refinery work. The site has received approximately $2.4 million of tenant investment, including exterior reconstruction, a ~10,000 SF climate-controlled warehouse addition, expanded

office space, on-site shower facilities for emergency response personnel, upgraded signage and mechanical gates, a security camera system, and roof coatings designed to extend building life and reduce maintenance risk.

• Sale Leaseback Proceeds Support Balance Sheet Strengthening and Near-Term Growth – The transaction provides Basic Environmental Group with an opportunity to unlock embedded real estate equity and strengthen its financial position by retiring outstanding debt, paying down vendor obligations, and strengthening key supplier relationships. The balance of proceeds is expected

to be used as working capital to support mobilization and execution of the Company’s growing 2026 project pipeline of approximately $10 million, including approximately $2 million already secured and an additional $1 million pending, tied to major industrial and institutional customers.

• Mission-Critical Facility Supporting Project Execution, Compliance, and Crew Mobilization – The Property serves as Basic Environmental Group’s operational foundation, supporting equipment storage, project staging, crew dispatch, emergency response capabilities, and compliant storage of specialized materials used in mold, lead, asbestos, and environmental remediation work. The facility’s Houston-based physical presence is also tied to the Company’s regulatory standing and customer prequalification requirements, making the location critical to maintaining access to restricted industrial, refinery, and institutional customer sites.

• Stellar Safety Record Supporting Blue-Chip Customer Access – Basic Environmental Group’s zero-accident safety record has been a key differentiator in securing contracts and maintaining long-term relationships with sophisticated industrial and institutional customers, including ExxonMobil, Shell, BP, CBRE, and others. In highly controlled industrial environments where safety performance is central to vendor approval and ongoing work eligibility, Basic’s track record supports customer retention, repeat opportunities, and access to complex project scopes.

Growing Demand for Environmental Remediation, Industrial Services, and Emergency Response Capabilities – Basic Environmental Group operates in service categories supported by recurring regulatory, maintenance, remediation, and emergency response needs across industrial, commercial, and institutional facilities. The Company’s ability to provide specialized environmental services, equipment, and field execution capabilities positions it to benefit from ongoing demand for compliant remediation, facility maintenance, and project-based industrial services across the Houston market and broader Texas Gulf Coast.

• Well-Located Houston Industrial Asset with Strong Regional Demand Drivers – The Property is strategically located in Houston, Texas, a major industrial market supported by a deep labor pool, extensive transportation infrastructure, and a diverse base of energy, refinery, manufacturing, logistics, construction, and industrial service users. The site benefits from proximity to key regional demand

drivers, including Downtown Houston, major highways, George Bush Intercontinental Airport, and the Port of Houston, supporting efficient access to customers, vendors, labor, and project sites.

• Low-Coverage Houston Industrial Asset with Expansion Flexibility – The Subject Property is a 31,900 SF industrial facility situated on 1.79 acres in Houston, Texas, a deep and highly active industrial market. With approximately 40.9% lot coverage, the site provides excess land and flexibility for future expansion, outdoor storage, or additional operational capacity.

• Long-Term Absolute Triple-Net (NNN) Lease with Annual Rent Increases – The Tenant will enter into a new 15+-year absolute triple￾net lease, under which the Tenant is fully responsible for the building structure, maintenance, insurance, real estate taxes, and all other operating expenses, providing the Landlord with a passive, low-maintenance investment. The lease will include annual rent escalations of

3.00%, offering predictable long-term cash flow and contractual inflation protection within an industrial asset class supported by durable demand fundamentals.

Listing Contacts

Ascension Advisory
Listed by Ascension Advisory

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$414,700.00
$34,558.33/mo

Valuation Metrics

0
DSCR
7.8%
Cap Rate
7.8%
ROI

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Additional Information

Name
Brian Brockman
License
9007017
Brokerage
Bang Realty
Title
Broker of Record
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