3402 Longhorn DrHouston, TX 77084

This exceptional 38,400 square foot industrial business park presents a prime investment opportunity in Houston, Texas. Built in 2022, this Class B property comprises four individual, single-tenant buildings, each approximately 9,600 square feet. Each building features 16-foot ceilings, three 14' x 14' overhead doors, and a fenced private yard. The office space within each building totals approximately 12,000 square feet, including a reception area, four offices, a conference room, break room/kitchenette, and three restrooms. A 700 square foot mezzanine is accessible from the warehouse area. The property boasts individual electrical, water, and sewer connections for each building, along with high-efficiency LED lighting in the warehouse spaces. The buildings benefit from 3-phase 480-volt/200-amp services. Located at 3402 Longhorn Dr, Houston, TX 77084, this stabilized investment offers a 6.27% cap rate with a pro-forma cap rate of 7.11% and a pro-forma NOI of $470,043. The property sits on 3.71 acres, is conveniently located near the Energy Corridor, and offers easy access to I-10 and Beltway 8. The current leases are for 5-6 years, providing long-term income stability. Reduced insurance premiums result from an on-site fire water tank. This multi-tenant property offers diversified income streams and minimal landlord maintenance responsibilities due to tenant-managed upkeep per lease agreements. The asking price is $7,200,000, or $1,800,000 per unit.