The subject property is a 110,516 square-foot small-bay industrial and retail asset situated on five acres of land. It features masonry construction and comprises 89 suites, offering a total of 87 grade level doors for easy access and loading. A retail storefront is also located in the front building, providing additional versatility. The property’s layout and design make it an ideal location for a variety of businesses, from industrial users to retail tenants. With its strategic location, the industrial asset offers a unique opportunity for investors to capitalize on growing demand for industrial and retail space. The five acre site provides ample parking and outdoor storage space, while the property’s size and layout support a flexible environment for businesses to operate and expand.
The property presents a value add opportunity through lease up and transition to triple net lease structures, allowing investors to increase revenue, improve cash flow, reduce operating expenses, and maximize returns. Its current configuration and lease structure provide meaningful upside potential through leasing vacant suites and converting existing leases to triple net structures. The property’s proximity to major transportation hubs, including William P. Hobby Airport, Ellington Field, and NASA Johnson Space Center, along with easy access to Interstate 45 and Beltway 8, enhances tenant appeal and overall accessibility. Located within a strong industrial and retail corridor, it also supports long term growth and appreciation. From a financial standpoint, the industrial asset offers an attractive 9.69 percent pro forma cap rate with projected yield on cost exceeding 9.00 percent, indicating strong investment performance. Overall, the combination of value add potential, strategic location, and strong projected returns makes this a compelling investment opportunity.
BROKER OF RECORD
Tim Speck
Texas Broker of Record
5001 Spring Valley Road, Suite 1100W
Dallas TX
Tel: (972) 755-5200
Tim.Speck@MarcusMillichap.com
License: 9002994
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0160114)
