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.