7200 WYNNPARK DRIVE (HOUSTON, TX)

VACANT

7200 WYNNPARK DRIVE, HOUSTON, TX 77008
Price :
$ 3,330,000
Lot Size :
1.35 acres
Year Built :
1971/1979/1982
Property Area :
37,736 sqft
Status :
UNDER CONTRACT
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• 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

 

Investment Overview

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.

 

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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060618)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Cary Latham
(713) 452-4301
Lic # TX : 703358

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