Property History
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Marketing Description
Moody Rambin is pleased to present for sale Piney Woods Business Park, a multi-tenant light industrial business park located
just northeast of the intersection of N Loop 336 and Highway 105 E in the heart of Conroe, TX. Conroe is one of the fastest growing cities not only in Texas, but in the country. Since 2000, Conroe’s population has doubled, and it continues to grow at a rapid pace (about 5% year over year). The subject property consists of six (6) suites averaging +/- 3,200 sf each, totaling +/- 19,200 sf of leasable area, on a +/- 1.46 AC lot. The business park was built in 2015 and is stabilized at 100% occupancy. The property offers investors a unique investment opportunity consisting of upside in the form of in place rental bumps and below market rental rates. In addition, the leases in place are staggered nicely so that there is not a large overlap of leases ending at one given time, providing peace of mind and steady cash flows for the future. The park is immediately adjacent to N Loop 336 and is essentially at the hard corner of 336 and 105, two of Conroe’s largest highways. Overall, Piney Woods Business Park is a low maintenance stabilized investment vehicle in a great location with low-impact upside that will be experienced for years to come.
Investment Highlights
- Six (6) Suites
- Built- In Rental Bumps
- Below Market Rates
- Staggered Leases
- Immediately adjacent to Texas 336 Loop and Minutes from Interstate 45 and Highway 105
Loan History
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Comparable Properties
Rental Market Overview
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