238 Memory LnHouston, TX 77037

This Houston, TX industrial property offers 25,864 square feet across two buildings on a 2.34-acre lot, featuring 7 units, 16 parking spaces, and convenient access to major highways. Currently 35% occupied with a lease expiration in June 2025, this Class C property presents a compelling investment opportunity with a pro-forma cap rate of 7.40%. The property includes a mix of drive-in and dock-high loading options, 18-foot ceilings, and both single and three-phase power. An additional 1.1 acres of undeveloped land offers potential for expansion or future development. Located outside Houston city limits, this asset benefits from proximity to I-45 and Beltway 8, offering excellent access to Port Houston, George Bush Intercontinental Airport, and downtown Houston. The property consists of two single-story buildings, built between 2000 and 2005, and is zoned for industrial use. The property is currently 35% occupied with two tenants. The buildings offer a mix of unit sizes, with drive-in doors and varying power options. This property is well-suited for investors seeking a value-add opportunity or businesses requiring flexible industrial space in a strategic location. The property is outside the 100-year floodplain.