2325 Atascocita RdHumble, TX 77396

For Sale
$4,250,000

Humble, TX Investment Opportunity: High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a ±48,715 square foot multi-tenant flex-use industrial business park situated on 17.7 acres in Humble, Texas. The property, built in 2002 and renovated in 2007, comprises five buildings and boasts a strong 94% occupancy rate. The property features a sale-leaseback agreement with a five-year term commencing at closing, ensuring immediate and consistent cash flow. The current gross annual rent is $367,848, with a built-in 3% annual escalation clause on the base rent, providing future income growth. The Net Operating Income (NOI) currently stands at $349,591, yielding an attractive 8.23% capitalization rate. The anchor tenant, a well-established athletic facility occupying approximately 34,315 square feet of climate-controlled space, has been a successful operator since 2006, hosting numerous local and regional sporting events and camps. This presents a stable, high-performing investment with potential for future expansion within the existing facilities. The property is located at 2325 Atascocita Road, Humble, TX 77396, in Harris County. This sale-leaseback opportunity offers a compelling combination of strong current performance and future growth potential, making it an ideal addition to any diversified investment portfolio. The lease is a gross lease, simplifying management responsibilities.

Highlights

  • 5-Year Sale-Leaseback at Closing
  • Annual Gross Rent: $367,848
  • 3% Annual Rent Escalations

Property Details for 2325 Atascocita Rd

Property type
Other mixed-use properties, Other industrial properties
Square Feet
48,715 SF
Year Built/Renovated
2002/2007
Buildings
5
Lot Size (sq. ft)
771,012 SF

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
29.9699331
Longitude
-95.2349265
2325 Atascocita Rd, Humble, Texas

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2325 Atascocita Rd
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