Freestanding Infill Portfolio 5 Industrial Properties Offered at $7,059,063 CAD in Houston, TX



EXECUTIVE SUMMARY
Finial Group is pleased to offer qualified investors the opportunity to acquire 11421 -11437 Todd Street and 6001 Centralcrest in Houston, Texas (the “Properties”). The six buildings are a total of 44,187 square-feet. The infill freestanding industrial service buildings are located in northwest Houston. The Properties are 92% leased to six tenants with 2.3 years of weighted average lease term remaining and in-place rents 10% below market. With a location just outside Loop 610 in the heart of Houston's major industrial market, the Properties offers unparalleled access to surrounding demand drivers and national thoroughfares. The Properties presents investors a unique opportunity to acquire at a discount to replacement cost while featuring a strong submarket with excellent access to labor along with stable tenancy and predictable cash flow.
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- Offering Memorandum
PROPERTY FACTS
Price | $7,059,063 CAD |
Price / SF | $200.15 CAD / SF |
Cap Rate | 6.58% |
Sale Type | Investment |
Status | Active |
Number of Properties | 5 |
Individually For Sale | 0 |
Total Building Size | 35,269 SF |
Total Land Area | 2.21 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
11421 Todd St, Houston, TX 77055 | Industrial | 7,024 SF | 1984 | - |
11427 Todd St, Houston, TX 77055 | Industrial | 6,000 SF | 1984 | - |
11425 Todd St, Houston, TX 77055 | Industrial | 6,000 SF | 1984 | - |
11437 Todd St, Houston, TX 77055 | Industrial | 9,700 SF | 1984 | - |
11431 Todd St, Houston, TX 77055 | Industrial | 6,545 SF | 1984 | - |
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