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11285783
11285782

120 Crouch, Alvin, TX 77511 For Sale

JT
TX 9012066
Century 21 Tevas
Listed by Century 21 Tevas
$3,300,000
1478 days on market
Updated 62 days ago

120 Crouch Street

Details
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Units 10
Cap Rate 6.41%
NOI $211,470
Occupancy 86%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.52%
Pro-Forma NOI $314,070
Class B
Year Built 2021
Year Renovated 0
Buildings 10
Stories 1
Acreage 16.750
Investment Type Redevelopment
Tenant Credit No Credit Rating
Occupancy Date 06/30/2022
Ceiling Height 14
Ownership Full

Warehouse Complex with RV Covered Storage Park Project Plans

Marketing description

GREAT OPPORTUNITY TO ACQUIRE AN INCOME-PRODUCING ASSET WITH LAND TO EXPAND!

10 Leased Building with ~7 Acres of Prime Commerical Frontage.

Current Project Plans for 120 RV Covered Storage Park.

An established income-producing property with more capacity to improve and generate more income. 10 buildings ranging from 960 to 4000 square feet either new construction or remodeled within the last 5 years. There are about 25,360 square feet of leased space. 8 of the buildings are leased at competitive rates. Recently established city services with new fire hydrants and three-phase power. The current improvements are in the back of the property with approximately 7 acres of prime commercial frontage between Alvin and Manvel.

Investment highlights

  • 16.75 Acres of Commerical Land on HWY 6

  • Exclusive Access to HWY 6

  • 7 New Metal Warehouse (2020-2022)

  • 2 Remodeled Warehouse

  • 1 Remodeled Office

  • City Services

  • ~7 Acres Available to Improve

  • RV Storage Project Plans with City approval!

Listing Contacts

JT
TX 9012066
Century 21 Tevas
Listed by Century 21 Tevas

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,470.00
$17,622.50/mo

Valuation Metrics

0
DSCR
6.41%
Cap Rate
6.41%
ROI

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Additional Information

Name
Jose Torres
License
9012066
Brokerage
Century 21 Tevas
Brokerage Phone
8326156742
Title
Broker
Brokerage Address
2505 Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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