For Sale
$27,358,247

1616 Gears Rd Houston, TX 77067

Sale-Leaseback Opportunity: Manufacturing Facility

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 215,474 square foot, single-tenant manufacturing campus in Houston, Texas presents a compelling sale-leaseback opportunity. Situated on a 16.68-acre lot, the property boasts two manufacturing facilities and two office buildings, totaling 23,856 square feet of office space. Built in 2009 and renovated in 2022, the facility features 50-foot ceiling heights and crane service up to 40 tons. The property enjoys a prime location in North Houston, offering easy access to major transportation arteries including Beltway 8, I-45 North, and the Hardy Toll Road. Currently 100% occupied by W-Industries, Inc., this asset offers a strong 7.75% cap rate and a Net Operating Income (NOI) of $2,120,268, with an asking price of $27,358,247. The property's design allows for easy subdivision, with multiple points of ingress and egress, making it an attractive investment opportunity. The address is 1616 Gears Rd, Houston, TX 77067, in Harris County. This is a rare chance to acquire a high-quality, fully occupied industrial property in a thriving market.

Highlights

  • Asking Price: $27,358,247
  • Cap Rate: 7.75%
  • Tenant: CSE W-Industries, Inc. (100% Occupancy)
  • Building Size: 215,474 SF on 16.68 Acres
  • Office Space: 23,856 SF
  • Property Type: Industrial Manufacturing Facility

Property Details for 1616 Gears Rd

Property type
Industrial properties, Manufacturing properties
Square Feet
215,474 SF
Year Built/Renovated
2009/2022
Stories
1
Lot Size (sq. ft)
726,581 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.945930635732
Longitude
-95.450296714436

FAQs

What type of property is this?
Industrial property - Sale-Leaseback Opportunity: Manufacturing Facility
Where is the industrial property located?
The property is located at 1616 Gears Rd Houston, TX.
What is the asking price?
The asking price for this property is $27,358,247.
What are key features of this property?
This property features: Asking Price: $27,358,247; Cap Rate: 7.75%; Tenant: CSE W-Industries, Inc. (100% Occupancy)
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1616 Gears Rd
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