For Sale

$2,750,000

238 Memory Ln, Houston, TX 77037

Date listed: Aug 26, 2024

Details

Property Type: Industrial

Subtype: Distribution, Flex, Warehouse

Class: C

Lease Type: Modified

Tenancy: Multi

Number of Tenants: 2

Lease Expiration: 06/30/2025

Square Footage: 25,864

Net Rentable (sq ft): 25,864

Pro-Forma Cap Rate: 7.40%

Occupancy: 35%

Units: 7

Year Built: 2000-2005

Buildings: 2

Stories: 1

Zoning: No Zoning

Lot Size (acres): 2.34

Parking (spaces): 16

Broker Co-Op: Yes

APN: 0963390000001; 0452020010035; 0452020010359; 0963390000003

Lease Options: N/A

Ground Lease: No

Loading Docks: 1

Ceiling Height: 18 Ft

Description

PRICE REDUCED, NOW LISTED AT $2,750,000

OWNER FINANCING AVAILABLE

25,864 SF of improvement between 2 industrial buildings on 1.33 acres and an additional undeveloped 1.1-acre lot that the seller is in the process of stabilizing.

Outside of Houston City limits.

Improvement 1: 15,064 Sq Ft with 3 units, drive-in door on each unit, 18’ clear height, 3-phase power.

Improvement 2: 10,800 Sq Ft with 4 units, drive-in door on each unit, 18’ clear height, single phase power.

Available dock-high and grade-level loading.

234A-238 Memory Ln, Houston, TX 77037, is a well-positioned asset in a thriving area of Houston. This property offers substantial potential for both investors and businesses looking to establish a presence in one of Texas’ most dynamic markets. The property is well located with easy access to I-45, a major Interstate Highway, and Beltway 8.

Whether for immediate use, leasing, or future redevelopment, this property offers significant potential for growth and return on investment.

Highlights

  • 25,864 SF building area on 1.33 acres.

  • Currently leased 35%

  • Multiple Units with Drive in Doors, High Ceilings 18 ft Clear Hight , 3-Phase and 1-Phase Power, Loading Dock.

  • Additional undeveloped 1.1 acre lot.

  • Strategic point within the city, designated for convenient access from various points throughout the urban area.

  • Close Proximity to Interstate 45, and Texas State Highway Beltway 8, two major highways.

  • Within +/—18.8 miles from Port Houston, +/—12.5 miles from George Bush Intercontinental Airport, and +/—11.6 miles from Houston Downtown.

  • Ample Acreage for Additional Development or Business Use.

  • Outside of the 100-year Flood Plain.

     

Carlos Iglesias

Commercial Real Estate Broker

License: TX 519499

your investment starts here

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Address:

8245 North Freeway Building A,
Houston, TX, 77037

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