2004 Traders Rdg DrConroe, TX 77301

For Sale
$3,400,000

20,000 SF Warehouse, 6.85% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse situated on a 3.26-acre lot in Conroe, Texas. The property, built in 2022, boasts a Class B rating and features a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. Currently under a net lease with Falcon Water, the tenant occupies the entire space with a lease term extending until July 31, 2027, offering a remaining lease term of approximately 2.7 years. The lease includes rent bumps, ensuring future income growth. The property's strategic location within the Trader Ridge Business Park provides convenient access to major roadways, including Loop 336, FM 3083, Highway 105, and I-45. The building includes 20 parking spaces and ample yard space. The asking price is $3,400,000, representing a compelling $170 per square foot and a 6.85% capitalization rate based on a net operating income (NOI) of $232,800. This single-tenant, net-lease investment is structured for a 1031 exchange, offering significant tax advantages. The property's features include 800 amps of heavy power, crane readiness, and a sprinkler system. The property's APN is 9290-00-00600. This is an investment-only opportunity; please do not disturb the tenant.

Highlights

  • $3,400,000 asking price for a 20,000 square foot industrial warehouse.
  • Net lease investment opportunity with a 6.85% cap rate and $232,800 NOI.
  • Located in Conroe, Texas, at 2004 Traders Ridge Dr, in the desirable Trader Ridge Business Park.
  • Features a 5-year NNN lease with Falcon Water, expiring July 31, 2027, with 2.7 years remaining.
  • Building highlights include 26-foot ceiling height, 800 amps of power, crane readiness, sprinklers, ample parking, and yard space.

Property Details for 2004 Traders Rdg Dr

Property type
Other warehouses, Other industrial properties
Square Feet
20,000 SF
Class
B
Year Built
2022
Buildings
1
Lot Size (sq. ft)
142,006 SF

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.335180545694
Longitude
-95.429922224173
2004 Traders Rdg Dr, Conroe, Texas

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2004 Traders Rdg Dr
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