19960 Highway 242
Conroe, TX 77306
 Industrial Property For Sale

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

The property consists of a total building size of 22,700 square feet on a 7.0-acre lot, currently generating a NOI of $282,485, with below-market rent. The property includes five warehouses and two billboard leases, and is fully leased at 100% occupancy. Each warehouse is equipped with heavy power, large grade-level doors, an outside storage area, and is fully insulated. The buildings have never flooded, offering added security for tenants and investors. Seller financing is available, providing additional flexibility for potential buyers.

PROPERTY FACTS

Sale Type Investment
Cap Rate 7.63%
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
No. Stories 1
Year Built 2004
Parking Ratio 1.37/1,000 SF
Clear Ceiling Height 18’
No. Drive In / Grade-Level 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

PROPERTY TAXES

Parcel Number 0419-00-04702 Improvements Assessment $1,361,922 CAD
Land Assessment $901,686 CAD Total Assessment $2,263,608 CAD

ZONING

Zoning Code None

MAP

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