W-Industries I Corporate Sale/Leaseback | 1616 Gears Rd
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W-Industries I Corporate Sale/Leaseback 1616 Gears Rd
215,474 SF Industrial Building Houston, TX 77067 $38,476,638 CAD ($179 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Total Size: +/- 215,474 SF on +/- 16.68 Acres
- Total Office Size: +/- 23,856 SF
- ! Call For Offers Due EOB Nov 6th // Corporate Sale-Leaseback Opportunity
- Property Type: Industrial Manufacturing
- Crane Capacity: (12) Overhead Cranes ranging from 10-ton to 40-ton with up to a 38' hook height
Executive Summary
! Call For Offers Due EOB Nov 6th // Corporate Sale-Leaseback Opportunity
Pricing: $27,358,247
Cap Rate: 7.75%
Tenant: CSE W-Industries, Inc.
Occupancy: 100%
Total Size: +/- 215,474 SF on +/- 16.68 Acres
Total Office Size: +/- 23,856 SF
Property Type: Industrial Manufacturing
Crane Capacity: (12) Overhead Cranes ranging from 10-ton to 40-ton with up to a 38' hook height
Year Built: 2009 - 2022
County: Harris
Pricing: $27,358,247
Cap Rate: 7.75%
Tenant: CSE W-Industries, Inc.
Occupancy: 100%
Total Size: +/- 215,474 SF on +/- 16.68 Acres
Total Office Size: +/- 23,856 SF
Property Type: Industrial Manufacturing
Crane Capacity: (12) Overhead Cranes ranging from 10-ton to 40-ton with up to a 38' hook height
Year Built: 2009 - 2022
County: Harris
Property Facts
| Price | $38,476,638 CAD | Lot Size | 16.68 AC |
| Price Per SF | $179 CAD | Rentable Building Area | 215,474 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built/Renovated | 2009/2022 |
| Sale Conditions | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 50 ft |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Price | $38,476,638 CAD |
| Price Per SF | $179 CAD |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Sale Conditions | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 16.68 AC |
| Rentable Building Area | 215,474 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2022 |
| Tenancy | Single |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 50 ft |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Fenced Lot
- Yard
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- W-Industries
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| W-Industries | - | - | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $28,007,153 CAD | |
| Land Assessment | $4,365,860 CAD | Total Assessment | $32,373,013 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,365,860 CAD
Improvements Assessment
$28,007,153 CAD
Total Assessment
$32,373,013 CAD
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W-Industries I Corporate Sale/Leaseback | 1616 Gears Rd
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