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19960 Highway 242

22,700 SF 100% Leased Industrial Building Conroe, TX 77306 £2,738,575 (£121/SF) 7.02% Net Initial Yield

Investment Highlights

  • Includes 5 warehouses and 1 billboard lease
  • Below market rent
  • Heavy power, large grade level doors, fully insulated
  • Seller financing available

Executive Summary

Total Building Size: 22,700sf
Total Lot Size: 7.0 Acres
Current NOI: $245,790
Below market rent
Includes 5 warehouses and 2 billboard leases
Currently 100% leased
Buildings have never flooded
Each building comes with heavy power, large grade level doors, outside storage area and are fully insulated warehouses.
Seller financing available

Attachments

Marketing Brochure/Flyer

Property Facts

Price £2,738,575 Rentable Building Area 22,700 SF
Price Per SF £121 Number of Floors 1
Sale Type Investment Year Built 2004
Net Initial Yield 7.02% Parking Ratio 1.37/1,000 SF
Property Type Industrial Clear Ceiling Height 18 ft
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
 Level Access Doors 17
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 7.00 AC
Price £2,738,575
Price Per SF £121
Sale Type Investment
Net Initial Yield 7.02%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 7.00 AC
Rentable Building Area 22,700 SF
Number of Floors 1
Year Built 2004
Parking Ratio 1.37/1,000 SF
Clear Ceiling Height 18 ft
Level Access Doors 17
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Mezzanine
  • Security System
  • Signage
  • Air Conditioning
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zoning

Zoning Code None
None
(832) 967-7376

Contacts

  • Listing ID: 29498614

  • Date on Market: 12/09/2023

  • Last Updated:

  • Address: 19960 Highway 242, Conroe, TX 77306

The Industrial Property at 19960 Highway 242, Conroe, TX 77306 is currently available for sale. Contact Evermark Commercial Group for more information.

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Connect with us

© 2024 CoStar Group

19960 Highway 242
(832) 967-7376 x

19960 Highway 242

1/3

Daniel Stumpf

(832) 967-7376

(832) 967-7376

Demi Turner

(713) 684-2879

(713) 684-2879

Wes Pratka

(936) 402-5779

(936) 402-5779

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