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Ind Warehouse(s)- 27,894SF/2.4 Acre Lot 23609 W Hardy Rd

27,894 SF Industrial Building Spring, TX 77373 $4,245,323 CAD ($152 CAD/SF) 8.38% Cap Rate

Investment Highlights

  • Multiple buildings: 27,894SF/103,620SF Lot (2.3788 Acres); built in 1978, renovated 2020. Heavy power: 1200AMP/480V
  • Warehouses are fully insulated, energy-efficient light fixtures, grade-level roll-up doors, additional carport storage areas throughout.
  • A semi-circular driveway allows heavy trucks to enter and exit the property with ease, and there's security fencing around the buildings.
  • Front building consists of professional office space, a breakroom, rear section of warehouse space, employee break room & locker room.
  • The primary production warehouse(s) are in the 2nd & 3rd rear buildings with lots of interior and exterior storage.
  • Close to downtown Houston, TX, Spring is located between Beltway 8 and the Grand Parkway, SH-99, easy access both north & south.

Executive Summary

Located directly off of the Hardy Toll Rd, 23609 W Hardy Rd, Spring, TX 77373-5713, Harris County, consists of multiple buildings with approximately 27,894SF/103,620SF Lot (2.3788 Acres), and was built in 1978. The current user is an Owner-Occupant who will be vacating before the close of Escrow. The front building (~4,000sf) consists primarily of professional office space with 5 offices, 1 conference room, 1 breakroom, a small rear section of warehouse space, a 2nd employee operations break room, and a locker room. All of the warehouses are fully insulated with energy-efficient light fixtures, grade-level roll-up doors, and additional carport storage areas throughout the property. The primary production warehouse(s) consist of approximately 16,800sf & 5,800sf with lots of interior and exterior storage, plus 2 carport areas with 1200sf & 1000sf. There's a detached testing lab (700sf) structure, separate employee entrance & exit gates, designated front and rear employee parking, and more. A semi-circular driveway allows heavy trucks to enter and exit the property with ease, and there's security fencing around the buildings. Heavy power: 1200AMP/480V total. Septic sewer system. Production wastewater is collected into tank vessels & removed by a wastewater company. The storm sewer drain goes to the wastewater ditch. Well water with an enclosed pump room. Close to downtown Houston, TX, this Spring location is located between Beltway 8 and the Grand Parkway, SH-99, and easy access both north and south along the toll roads.
***Seller Financing is available with 25+/-% Down Payment, Negotiable, & Flexible Terms. This property is also available For Lease @ $9.00/SF/YR + NN (Negotiable).

Financial Summary (Pro forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $476,270 $17.07

Financial Summary (Pro forma - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $476,270
Annual Per SF $17.07

Property Facts

Price $4,245,323 CAD
Price Per SF $152 CAD
Sale Type Investment or Owner User
Cap Rate 8.38%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
Building Class B
Lot Size 2.56 AC
Rentable Building Area 27,894 SF
No. Stories 1
Year Built 1978
Tenancy Single
Parking Ratio 1.08/1,000 SF
Clear Ceiling Height 16 ft

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Security System
  • Signage
  • Reception
  • Storage Space
  • Fluorescent Lighting
  • Fiber Optic Internet

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 5,000-27,000 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Located directly off of the Hardy Toll Rd, 23609 W Hardy Rd, Spring, TX 77373-5713, Harris County, consists of multiple buildings with approximately 27,894SF/103,620SF Lot (2.3788 Acres), and was built in 1978. The current user is an Owner-Occupant who will be vacating before the close of Escrow. The front building (~4,000sf) consists primarily of professional office space with 5 offices, 1 conference room, 1 breakroom, a small rear section of warehouse space, a 2nd employee operations break room, and a locker room. All of the warehouses are fully insulated with energy-efficient light fixtures, grade-level roll-up doors, and additional carport storage areas throughout the property. The primary production warehouse(s) consist of approximately 16,800sf & 5,800sf with lots of interior and exterior storage, plus 2 carport areas with 1200sf & 1000sf. There's a detached testing lab (700sf) structure, separate employee entrance & exit gates, designated front and rear employee parking, and more. A semi-circular driveway allows heavy trucks to enter and exit the property with ease, and there's security fencing around the buildings. Heavy power: 1200 AMP/480V total. Septic sewer system. Production wastewater is collected into tank vessels & removed by a wastewater company. The storm sewer drain goes to the wastewater ditch. Well water with an enclosed pump room. Close to downtown Houston, TX, this Spring location is located between Beltway 8 and the Grand Parkway, SH-99, and easy access both north and south along the toll roads. ***This property is also available For Sale @ $2,995,000. Seller Financing is available with 25+/-% Down Payment, Negotiable, & Flexible Terms.

Space Size Space Use Condition Available
1st Floor 5,000-27,000 SF Industrial Partial Build-Out 30 Days

1st Floor

Size
5,000-27,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size 5,000-27,000 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Located directly off of the Hardy Toll Rd, 23609 W Hardy Rd, Spring, TX 77373-5713, Harris County, consists of multiple buildings with approximately 27,894SF/103,620SF Lot (2.3788 Acres), and was built in 1978. The current user is an Owner-Occupant who will be vacating before the close of Escrow. The front building (~4,000sf) consists primarily of professional office space with 5 offices, 1 conference room, 1 breakroom, a small rear section of warehouse space, a 2nd employee operations break room, and a locker room. All of the warehouses are fully insulated with energy-efficient light fixtures, grade-level roll-up doors, and additional carport storage areas throughout the property. The primary production warehouse(s) consist of approximately 16,800sf & 5,800sf with lots of interior and exterior storage, plus 2 carport areas with 1200sf & 1000sf. There's a detached testing lab (700sf) structure, separate employee entrance & exit gates, designated front and rear employee parking, and more. A semi-circular driveway allows heavy trucks to enter and exit the property with ease, and there's security fencing around the buildings. Heavy power: 1200 AMP/480V total. Septic sewer system. Production wastewater is collected into tank vessels & removed by a wastewater company. The storm sewer drain goes to the wastewater ditch. Well water with an enclosed pump room. Close to downtown Houston, TX, this Spring location is located between Beltway 8 and the Grand Parkway, SH-99, and easy access both north and south along the toll roads. ***This property is also available For Sale @ $2,995,000. Seller Financing is available with 25+/-% Down Payment, Negotiable, & Flexible Terms.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0421680000042
Land Assessment
$584,375 CAD (2023)
Improvements Assessment
$2,197,928 CAD (2023)
Total Assessment
$2,782,304 CAD (2023)

zoning

Zoning Code COM'L BLDG (COM'L BLDG)
COM'L BLDG (COM'L BLDG)
  • Listing ID: 31143258

  • Date on Market: 2024-03-06

  • Last Updated:

  • Address: 23609 W Hardy Rd, Spring, TX 77373

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