Listed by Sands Investment Group Austin, Sands Investment Group
Unpriced
TAS Energy - Houston, TX
Details
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 172,700
Net Rentable (SqFt) 172,700
NOI $1,259,850
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 04/30/2027
Remaining Term 0.8
Rent Bumps No
Lease Options None
Year Built 1985
Year Renovated 2013
Buildings 1
Acreage 13.980
Investment Type Value Add
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2022
Ground Lease No
Ceiling Height 46
Mark-to-Market Opportunity | Crane-Served | Value-Add Manufacturing & IOS | Houston, TX
Marketing description
Sands Investment Group is pleased to exclusively offer for sale 9450 W. Wingfoot Road a value-add manufacturing and industrial outdoor storage opportunity in Houston, TX. This is a rare opportunity to acquire a value add manufacturing facility with market-tomarket opportunity located in Houston, TX. Investors (or Users) will be able to acquire the asset with day-one cash flow, while they look for a new long-term tenant. The facility is both crane and rail-served and offers ample outdoor storage for potential future tenants.
Investment highlights
- Market-to-Market Opportunity: This is a rare opportunity to acquire an asset with in-place under market rents with a quick path to value creation. The current tenant’s lease expires at the end of April 2027 allowing investors (Or Users) to close on the property with existing cash flow while they look for a new long-term tenant at market rate.
- Turn-Key Facility: 9450 W Wingfoot is a turnkey facility ready to host a new long-term tenant featuring over 162,000 SF of office and warehouse space, 8, 10-ton overhead cranes, 1,600 amps of power, ±9 acres of yard space, rail access, and 24’ to 46’ clear heights throughout the property.
- Strategic Location: Located in the strong Northwest Inner Loop submarket of Houston, 9450 W Wingfoot offers direct access to US 290, Beltway 8 and IH-10 as well as excellent access to multi-modal transportation options including George Bush Intercontinental Airport, Houston Hobby Airport, and the Port of Houston, one of the world’s largest, most active ports.
- Outdoor Storage Yard: 9450 W Wingfoot features a large ±9 AC stabilized laydown yard providing significant industrial outdoor storage capabilities. Industrial outdoor storage (IOS) is one of the most sought-after asset classes in today’s market.
- Global Market: Houston is a premier global industrial and logistics market, driven by its massive port infrastructure, status as a top U.S. export hub, and its extensive industrial real estate footprint. Houston has a broad industrial base in energy, manufacturing, aeronautics, and transportation. Houston consistently leads the nation in exports, regularly shipping over $180B in manufactured and processed goods annually, more than New York and Los Angeles combined.
Listing Contacts
Listed by Sands Investment Group Austin, Sands Investment Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,259,850.00
$104,987.50/mo
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