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33424788
33424787

222 WYNNE ST, HOUSTON, TX 77009

GR
TX 841845
TR
TX TX 732964
Marcus & Millichap - Austin
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas
$2,900,000
0 days on market
Updated 0 days ago
Opportunity zone

222 Wynne Street

Details
APN 0400810000010
Property Type Industrial
Sub Type Warehouse
Square Footage 28,748
Units 2
Cap Rate 2.57%
NOI $74,652
Occupancy 38.3%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9.56%
Pro-Forma NOI $277,106
Price per SqFt $101
Class C
Year Built 1972
Buildings 3
Stories 1
Acreage 2.060
Ground Lease No
Ceiling Height 18

About This Property

Marketing description

The property is a 28,748-square-foot industrial asset situated on 2.06 acres of land. This functional metal industrial facility features five grade-level doors, 18’ clear height, and approximately 3,000 square feet of office space. The facility is well-suited for a variety of industrial uses, including manufacturing, distribution, and storage. The property's location along Interstate 45 in the North Inner Loop submarket providesexcellent accessibility and visibility. The area has a below-market 4.3 percent vacancy rate, indicating a strong demand for industrial space. The property's proximity to major transportation routes makes it an attractive option for businesses that require easy access to highways.

Investment highlights

• 28,748-Square-Foot Industrial Asset Situated on 2.06 Acres

• Functional Metal Industrial Facility Featuring Five Grade-Level Doors, 18’ Clear Height, And Approximately 3,000 Square Feet Of Office Space

• Strategically Located Along I-45 in North Inner Loop Submarket with Below-Market 4.3% Vacancy Rate

• Existing Tenant Occupies 11,008 Square Feet on a Month-to-Month Basis, Providing Near-Term Income with Flexibility for an Owner-User or Investor

• Occupied by, AztexFresh Produce LLC, Wholesale Provider to Restaurants, Supermarkets, Convenience Stores, Meat Markets, Bars, & Residential Homes

• 17,740 Square Feet of Vacant Space Creates Partial Owner-User or Lease-Up Investment Opportunity

Listing Contacts

GR
TX 841845
TR
TX TX 732964
Marcus & Millichap - Austin
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Austin, Marcus & Millichap - Dallas

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,652.00
$6,221.00/mo

Valuation Metrics

0
DSCR
2.57%
Cap Rate
2.57%
ROI

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Additional Information

Name
Grant Roosma
License
841845
Brokerage Phone
(713) 452-4384
Name
Tyler Ranft
License
TX 732964
Brokerage
Marcus & Millichap
Brokerage Phone
(512) 338-7883
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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