5405 Consulate Plaza DrHouston, TX 77032

For Sale
Call for price

±18,281 SF Warehouse, 2.58 Acres

Overview

Added:
Dec 11, 2024
Days on market:
93
This ±18,281 square foot warehouse, situated on a 2.58-acre lot in Houston's World Houston Business Park, presents a compelling investment opportunity. Built in 1998, the single-story tiltwall structure boasts a 16-foot ceiling height and is fully climate-controlled with 100% HVAC. The property includes approximately 6,000 square feet of office space and features two 12'x12' overhead doors, a substantial ±1,800 square foot canopy, and grade-level loading. Exterior improvements include a fenced concrete storage area with electric gates. The building benefits from heavy electrical service (800 amps). Currently leased to American Medical Response of Texas, Inc., the lease expires November 30, 2034, with a tenant termination option in September 2028 for $300,000 plus unamortized leasing costs. The property offers significant potential for future expansion given the ample land available. The Net Operating Income (NOI) for year one is projected at $282,066.64, translating to a net operating income of $1.29 per square foot (NNN). Annual lease bumps are set at 0.5%. This property is an excellent addition to any commercial real estate portfolio.

Highlights

  • ±18,281 SF warehouse on a 2.58-acre lot in Houston's World Houston Business Park.
  • Single-story, tilt-wall construction with 16' ceilings, fully climate-controlled.
  • Features ±6,000 SF of office space, two 12'x12' overhead doors, and a ±1,800 SF canopy.
  • Grade-level loading, fenced concrete storage area with electric gates, and 800-amp electrical service.
  • Leased to American Medical Response until November 2034 (tenant option in September 2028 for $300,000). Year 1 NOI projected at $282,066.64 ($1.29/SF NNN), with 0.5% annual lease bumps.

Property Details for 5405 Consulate Plaza Dr

Property type
Other warehouses, Other industrial properties
Square Feet
18,281 SF
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
112,385 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.950534042382
Longitude
-95.314662290338
5405 Consulate Plaza Dr, Houston, Texas

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5405 Consulate Plaza Dr
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