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This fully renovated, 57,600-square-foot multi-tenant industrial business park in Houston, Texas, presents a compelling value-add investment opportunity. The property, situated on 2.57 acres at 6201-6205 W 34th St, Houston, TX 77092, consists of three single-story buildings totaling sixteen 3,600-square-foot units, currently boasting 100% occupancy. Built in 1979 and extensively renovated in 2024, the park features 17-foot ceilings, drive-in doors, and a parking ratio of 2 spaces per 1,000 square feet. Each unit benefits from 200-amp, 3-phase power (208/120V), new LED lighting, air conditioning, and a 24/7 security camera system. The offices are in excellent condition, showcasing fresh flooring, paint, and updated kitchen finishes. The property is fully fenced and gated, with an automatic gate planned for installation. Leases are NNN, with average annual rent increases of 4.5%. The park's prime location, a half-mile from US 290 and minutes from Interstate 610, provides exceptional access to major transportation arteries and desirable residential areas including Lazybrook, Timbergrove, The Heights, Oak Forest, Spring Branch, and Garden Oaks. The property's Class B designation, 7.12% cap rate, and strong tenant base make it an attractive investment prospect. The existing tenant base is well-suited to high-end services or creative office uses, and management is receptive to build-outs and climate control modifications to accommodate tenant needs. The property's APN is 0590030350002. This fee-simple ownership opportunity offers significant potential for future appreciation.
Highlights
Fully renovated, 57,600 SF multi-tenant industrial park in Houston, TX.
16 x 3,600 SF units, 100% occupancy.
Features 17' ceilings, drive-in doors, and 2 parking spaces per 1,000 SF.
Units have 200-amp, 3-phase power (208/120V), new LED lighting, and A/C.
NNN leases with 4.5% average annual rent increases.
Prime location near US 290 and I-610, offering excellent access to major transportation arteries and desirable residential areas.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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