JLS Real Estate
JLS Real Estate
Listed by JLS Real Estate
Unpriced
808 Russell Palmer Rd, Kingwood TX 77339
Details
Property Type Office, Industrial
Sub Type Warehouse
Square Footage 24,500
Tenancy Multi
Year Built 1993
Acreage 2.000
Zoning 5
Ground Lease No
Ceiling Height 18
FOR SALE: INDUSTRIAL/OFFICE | 24,500 SF | HUMBLE, TX
Marketing description
JLS Real Estate is pleased to offer 808 Russell Palmer Rd. for sale. The property includes ±24,500 improved square feet of office and warehouse space. The office portion of the property is currently operating as a coworking space/executive suites, while the warehouse portion is leased to the
Texas law requires all license holders to provide the Information About Brokerage Services form to prospective buyers, tenants, sellers and landlords:
https://www.jlscre.com/static/sitefiles/IABS_Form_JLS.pdf
Investment highlights
- Property Includes Two Buildings: - ±14,500 SF Office - ±10,000 SF Warehouse Additional covered outdoor storage: ±5,000 SF
- Ideal for owner-occupier or value-add investor
- Three (3) grade-level overhead doors in warehouse
- Office is currently being used as coworking/small office suites leased to individual tenants
- Warehouse portion is occupied by a single tenant (Megaton Brewery)
- All leases are short-term or month-to-month
- Warehouse and select office spaces are leased substantially below current market rates, with additional potential for optimization of operating expenses
- Property is ±80.5% leased overall with in-place cash flow: - Gross Rents of $180,000 - NOI of $64,560
- Excellent Kingwood location with convenient access to I-69/US59, FM 1960, Beltway 8, and George Bush Intercontinental Airport
Listing Contacts
JLS Real Estate
JLS Real Estate
Listed by JLS Real Estate
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