Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7902 Farm to Market 1960 Bypass Road West in Humble, Texas, leased to M&D Distributors. The subject property consists of approximately 54,100 square feet of specialized industrial space and is situated on 5.05 acres of land. Delivered in 2010, the single-tenant asset features tilt wall construction, a clear height of 28’, 18 dock-high doors, four drive-in doors, three-phase heavy power with 800 amps and 480 volts, 13 HVAC units, and 63 parking spaces. Located next to George Bush International Airport, the asset has proximity to Interstate 69 and the Hardy Toll Road. M&D Distributors began its triple-net lease at the property in 2012, demonstrating long-term stability and the probability of a five-year renewal when the agreement expires in December 2028. Established in 1943, M&D Distributors is the leader in remanufacturing and parts distribution for the aftermarket diesel industry.
The property is located in the massive North Hardy Toll Road submarket, containing 50.3 million square feet of industrial space. Over the last decade, the local inventory has grown considerably, rising by 39 percent as the area’s population has increased. In 2024, the North Hardy Toll Road experienced its highest industrial demand on record, absorbing 3.0 million square feet despite the bankruptcy of Conn’s Homeplus and the closure of its 660,000-square-foot warehouse. With demand exceeding the 1.0 million square feet of new supply, the vacancies dropped by 4.0 percentage points to a near national average rate of 6.6 percent . Despite availability tightening, annual rent growth in North Hardy Toll Road decelerated from 5.1 percent to 0.7 percent. At the start of 2025, about 736,000 square feet of industrial space were under construction, representing 1.5 percent of inventory and suggesting more supply pressure on rents and vacancies in the near term (CoStar).
As the fifth most populous metro area in the U.S., Houston houses over seven million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty, and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.
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. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0060042)
