Ellington Business Park
About This Property
Marketing description
The subject property is a 110,516 square-foot small-bay industrial and retail asset situated on five acres of land. It features masonry construction and comprises 89 suites, offering a total of 87 grade level doors for easy access and loading. A retail storefront is also located in the front building, providing additional versatility. The property's layout and design make it an ideal location for a variety of businesses, from industrial users to retail tenants. With its strategic location, the industrial asset offers a unique opportunity for investors to capitalize on growing demand for industrial and retail space. The five acre site provides ample parking and outdoor storage space, while the property’s size and layout support a flexible environment for businesses to operate and expand.
Investment highlights
• 110,516 Square-Foot Small-Bay Industrial and Retail Asset Situated on Five Acres
• Masonry Construction Featuring 89 Suites, 10' Clear Height, 87 Grade Level Doors, and Retail Storefront in Front Building
• Value-Add Opportunity Through Lease-Up and Transition to Triple-Net Lease Structures
• Attractive 9.69% Pro Forma Cap Rate with Projected Yield-on-Cost Exceeding 8.30%
• Proximate to William P. Hobby Airport, Ellington Field, and NASA Johnson Space Center
• Easy Access to Interstate 45 and Beltway 8
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