710-712 EAST SUNNYSIDE STREET (HOUSTON, TX)
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• Multi-Tenant Industrial Building Allows For Easier Leasing
• Convenient Access To Both Interstate 45 and The Hardy Toll Road
• Proximity To Two Union Pacific Intermodal Facilities and George Bush Intercontinental Makes The Area Attractive For Shipping and Receiving Goods
• Three Grade Level Doors (10’ x 12’)
• One Tenant In Place With Potential To Sign For A Longer Term Lease
• Newly Renovated Office Within One of The Suites
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 710-712 East Sunnyside Street in Houston, Texas. The subject property consists of approximately 8,750 square feet of space and is situated on 0.43 acres of land. The subject property features 14’-18’ clear heights, three grade-level doors, and metal construction. There is a newly renovated office within one of the suites. This multi-tenant industrial building allows for easier leasing and there is one tenant in place with potential to sign for a longer-term lease. The asset has convenient access to both Interstate 45 and the Hardy Toll Road. In addition, proximity to two Union Pacific intermodal facilities and George Bush Intercontinental makes the area attractive for shipping and receiving goods.
Developers have been active in the North Outer Loop this cycle, with the introduction of more than three million square feet since 2010. The North Outer Loop’s strategic location has attracted developers in recent years. As such, the large majority of new industrial facilities are situated along the Sam Houston Tollway and are only a few miles from the airport. However, the coronavirus pandemic and oil price war may lead to project delays or a slowdown in groundbreakings over the next few months, as owners, lenders, and developers come to grips with the changing economic landscape both locally and nationally. (CoStar)
As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 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.