LOUETTA BUSINESS PARK – BUILDING #2 (SPRING, TX)

SINGLE TENANT

20358 WHITEWOOD DRIVE, SPRING, TX 77373
Price :
$ 1,910,000
Cap Rate :
7.35%
NOI :
$ 140,400
Lot Size :
0.91 acres
Year Built :
2014
Property Area :
15,000 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

  • This Location Serves as FUELTRAX Headquarters Office and Manufacturing Center, with Additional Offices in 10 Other Countries Across the World
  • Property is Located Less than one Mile from Union Pacific Lloyd Yard, Providing Local Rail Freight Access
  • 2.5% Rental Increase During 1st Year of New Ownership, 4.2% Bump in Year Two
  • Located in Close Proximity to Interstate 45, Hardy Toll Road, and the Grand Parkway/SH 99
  • Nautical Control Solutions’ Clients Include BP, Exxon, and Honeywell, Amongst Numerous Other Publicly Traded Maritime Companies
  • Gated Concrete Yard at Rear of Property Provides Secure Tenant Parking and Additional Storage Yard

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 20358 Whitewood Drive in Spring, Texas, leased to Nautical Control Solutions. The subject property consists of approximately 15,000 square feet of space and is situated on 0.91 acres of land. The asset features 24’ clear height, tilt wall construction, and three-phase power. This location serves as the FUELTRAX headquarters office and manufacturing center, with offices in 10 other countries. Nautical Control Solutions’ clients include: BP, Exxon, and Honeywell, among numerous other publicly traded maritime companies. There is a 2.5 percent rental increase during the first year of new ownership and a 4.2 percent bump in the second year. The property is located less than one mile from Union Pacific Lloyd Yard, providing local rail freight access, and is in close proximity to Interstate 45, Hardy Toll Road, and the Grand Parkway/SH 99.

The North Hardy Toll Road Industrial Submarket has seen the arrival of larger distribution tenants in recent years. Demand is expected to keep up with the surge in new supply of new spec developments constructing in the year. The North Hardy Toll Road Submarket’s presence between the heavily trafficked I-45 and Sam Houston Tollway, as well as proximity to the George Bush Intercontinental Airport, lends itself well as an ideal location to satisfy area demand resulting from nearby rooftop growth. The North Hardy Toll Road is also ideally situated to capitalize on rooftop growth in Montgomery to the north, particularly Springwoods Village, The Woodlands, and Conroe. (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.

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: ZAB0060159)

Exclusive Listing

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

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