9730 Telephone RdHouston, TX 77075

This exceptional 46,200-square-foot industrial property, located in Houston, Texas, presents a compelling investment opportunity. Built in 2019, this three-building complex boasts a 79% occupancy rate and features desirable amenities such as 20' to 25' eave heights, clear-span construction with no interior columns, and drive-through capabilities. The property includes over 170 dedicated parking spots, a controlled access gate with perimeter fencing, and high-efficiency LED lighting throughout. All suites are equipped with oversized 12x14 overhead doors and 480-volt, 3-phase power with 150 amps per suite. The property sits on a 4.176-acre lot and is conveniently located near Houston's Hobby Airport. Currently, there are two remaining vacant suites, ready for immediate occupancy, with sizes ranging from 2,100 to 7,000 square feet. The existing lease structures are primarily triple net (NNN), with one suite on a gross lease. The property currently houses nine tenants, with suite sizes ranging from 2,100 to 8,400 square feet. The weighted average lease term is 1.71 years. The current cap rate on net operating income is 6.00%, with a projected stabilized cap rate of 8.24% at 100% occupancy. This property offers a blend of immediate income and significant upside potential.