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Industrial Coating Portfolio,

Houston, TX
Asking Price: $9,008,000.00 ($51.56 PSF)

Industrial Coating Portfolio,
Houston, TX

Asking Price: $9,008,000.00

Details

Address          6804 La Paseo St, Houston, TX 77087
                                   5610 Polk St, Houston, TX 77023
                            3001 Engelke St, Houston, TX 77003
                        5730 Ledbetter St, Houston, TX 77087

Asking Price                                           $9,008,000.00
                                                                   ($51.56 PSF)

Total Building SF                                        ±174,703 SF

Land SF                                                           ±8.72 Ac

NOI                                                             $605,760.00

Cap Rate                                                             6.59%

Occupancy                                                           100%

Broker Notes

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"I did review the individual contracts for each building. As stated, there is a 2% escalation each year.  Nine months prior to the lease expiration current tenant must advise whether they plan to renew. Renewal rates are the same 2% yearly increases over the prior year. I imagine added incentive for the tenant to remain.

Attached are the base rate on this year." -

Andrew Marlowe | Listing Broker

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5610 Polk: $16,375/mon | 57,808 sq/ft

3001 Engelke: $10,220/mon | 36,070 sq/ft

6804 La Paseo: $18,465/mon | 65,185 sq/ft

5730 Ledbetter: $4,430/mon | 15,564 sq/ft

Total: $49,490/mon

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