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34309204
34309210

110 Magellan Cir, Webster, TX 77598 For Sale

JM
TX 0551204
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston
Unpriced
9 days on market
Updated 9 days ago

Evident

Details
Property Type Industrial
Sub Type Flex
Square Footage 24,570
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 10/31/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options 1 (5-yr)
Year Built 2016
Acreage 1.090
Investment Type Net Lease
Lease Commencement 11/01/2026
Ground Lease No
Ownership Fee Simple

Industrial | 24,570 SqFt

Investment highlights

Attractive NN Lease Structure

• Double Net lease structure provides investors with limited responsibilities

• Current lease term extends through October 31, 2031, with one five-year renewal option remaining

• Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation

• Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors

Strategic Houston MSA Location

• Located within the Houston MSA, the fifth-largest metropolitan area in the United States with more than 7.6 million residents

• Positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities

• Houston’s diversified economy is anchored by energy, healthcare, logistics, manufacturing, and professional services sectors

Global Technology Tenant with Industry Leadership

• Leased to Evident Scientific, a global leader in advanced imaging, microscopy, and industrial inspection technologies

• Company leverages more than 100 years of optical and scientific expertise originating from Olympus Corporation’s Scientific Solutions Division

• Worldwide operating platform spanning North America, Europe, and Asia supports a diversified global customer base

• Tenant serves mission-critical industries including aerospace, automotive, manufacturing, energy, and scientific research sectors

Mission-Critical Industrial Facility

• Purpose-built ±24,570 SF industrial/flex facility constructed in 2016 and fully occupied by Evident Scientific

• Mission-critical location supporting advanced imaging, microscopy, and industrial inspection operations

• 100% occupied single-tenant asset situated on approximately 1.09 acres in Webster, Texas

• Fee simple ownership provides investors with long-term control of the underlying real estate

Listing Contacts

JM
TX 0551204
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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