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19233 Fm 1485 Rd New Caney, TX 77357

55,000 SF Warehouse, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a single-tenant, Class B industrial property ideally situated in New Caney, Texas. The property encompasses a substantial 55,000 square feet on a 32-acre lot, including approximately 13 acres of heavily stabilized yard space. Built in 1985 and renovated in 2018, this one-story building boasts a 20-foot ceiling height, providing ample storage and operational space. The property benefits from 660 feet of frontage along FM 1485, offering excellent visibility and accessibility. Its strategic location provides convenient access to major transportation arteries, including the Grand Parkway 99 and Highway 59. The property features 3-phase heavy power and is situated in an opportunity zone. An absolute NNN lease is currently in place, extending through December 31, 2027, with a tenant boasting over 25 years in business. Seller financing is available, making this a compelling investment prospect with a strong 8.00% cap rate. The property is unrestricted, further enhancing its investment potential. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside.

Highlights

  • 55,000 SF industrial building on a 32-acre lot.
  • Class B, single-tenant, absolute NNN lease in place through 12/31/2027.
  • 8.00% cap rate.
  • Built in 1985, renovated in 2018, featuring 20' ceilings.
  • Excellent location with 660ft of frontage on FM 1485, near Grand Parkway 99 and Hwy 59.
  • Includes approximately 13 acres of paved yard, three-phase power, and no deed restrictions.

Property Details for 19233 Fm 1485 Rd

Property type
Warehouses, Industrial properties
Square Feet
55,000 SF
Class
B
Year Built/Renovated
1985/2018
Stories
1
Lot Size (sq. ft)
1,393,920 SF

Location Insight

City
New Caney
County
Montgomery
State
Texas
Latitude
30.1702047
Longitude
-95.2365113

FAQs

What type of property is this?
Warehouse - 55,000 SF Warehouse, 8% Cap Rate
Where is the warehouse located?
The property is located at 19233 Fm 1485 Rd New Caney, TX.
What are key features of this property?
This property features: 55,000 SF industrial building on a 32-acre lot.; Class B, single-tenant, absolute NNN lease in place through 12/31/2027.; 8.00% cap rate.
How can I contact the broker?
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19233 Fm 1485 Rd
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