7200 WYNNPARK DRIVE (HOUSTON, TX)
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• 37,736 -Square Foot Cold Storage Warehouse Situated on 1.35 Acres
• Features 18’ Clear Height, Five Dock-High Doors, and One Grade Level Door
• Masonry Construction with Two Temperature-Controlled Coolers Totaling Approximately 20,000 Square Feet
• Located Near Heights & Galleria Neighborhoods with Immediate Access to I-10, Loop 610, and Highway 290
Marcus & Millichap is pleased to present the opportunity to acquire the cold-storage distribution warehouse located at 7200 Wynnpark Drive in Houston, Texas. The subject cold-storage warehouse consists of approximately 37,736 total square feet and is situated on 1.35 acres of land. The asset features an 18’ clear height, five dock-high doors, one dock ramp door, and is fully
sprinklered. The property is masonry construction with two temperature-controlled coolers totaling approximately 20,000 square feet. Located near The Heights, Galleria, and Spring Branch neighborhoods with immediate access to Interstate 10, Loop 610, and Highway 290, the submarket boasts a low historical vacancy rate of 4.11 percent over the last decade (CoStar) and is a tough barrier-to-entry market with limited cold-storage distribution center supply.
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.