Listed by Bracket Real Estate
$775,000
Fully Leased Industrial Condo | Magnolia TX
Details
APN 5262-00-00100
Property Type Industrial, Special Purpose
Sub Type Flex
Square Footage 2,660
NOI $75,396
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $301
Class B
Year Built 2023
Stories 2
Acreage 9.340
Zoning Commercial
Parking Spaces 0.75 per 1,000 sq ft
Investment Type Net Lease
Ground Lease No
Industrial | 2,660 SqFt
Marketing description
Offered as a contiguous double-unit suite within the prestigious Garages of America private community. This isn't just a garage; it's a high-end, climate-controlled gallery designed for the most discerning automotive enthusiasts.
Situated on the high-growth FM 1488 corridor, these units offer prime proximity to The Woodlands and major Texas thoroughfares, ensuring long-term property appreciation and desirability.
Investment highlights
- Enthusiast Property
- Current tenant on Multi year lease
- Full build out
- Immediate Cash Flow: Secure a turn-key asset with a reputable tenant already in place
- Lease Term: Three (3) years remaining on a multi-year lease
- Pre-Paid Rent: $80,000 in pre-paid rent to be credited to the buyer at closing
- Value Play: Two units (G10 & G11) being sold as a single, expanded footprint
Listing Contacts
Listed by Bracket Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,396.00
$6,283.00/mo
Valuation Metrics
0
DSCR
9.73%
Cap Rate
9.73%
ROI
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