For Sale
$2,300,000

13939 Old Texaco RdConroe, TX 77302

22,220 SF Warehouse, 7.3% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional industrial investment opportunity presents a 22,220-square-foot manufacturing, R&D, and warehouse facility situated on a 2.565-acre lot in Conroe, Texas. The property, located at 13939 Old Texaco Road, boasts a single-story building constructed in 2009 and features a 16-foot ceiling height. The layout includes a 9,000-square-foot warehouse, a 7,200-square-foot warehouse, and a 4,800-square-foot covered canopy that offers potential for enclosure. In addition, there is 1,220 square feet of office space complete with two offices, a restroom, and a kitchenette. The property benefits from three loading docks and one dock-high door, making it highly functional for various industrial uses. Currently under a net lease (NNN) with Southern Fab & Supports LLC, the property offers a strong 7.30% cap rate based on a net operating income (NOI) of $168,000. The lease commenced on June 30, 2023, providing immediate cash flow. The property's zoning is permitted, and its location along the northwest line of Old Texaco Road, southwest of FM 3083, offers convenient access. The asking price is $2,300,000 and is suitable for a 1031 exchange. The Montgomery County property (APN: 0244-02-01500) and its zip code is 77302.

Highlights

  • 22,220 SF industrial building on a 2.56-acre lot in Conroe, TX.
  • Single-story building constructed in 2009 with 16' ceilings.
  • Features 16,200 SF of warehouse space and a 4,800 SF covered canopy.
  • Includes 1,220 SF of office space with restrooms and kitchenette.
  • Three loading docks and one dock-high door.
  • Currently under NNN lease with a 7.30% cap rate and $168,000 NOI.

Property Details for 13939 Old Texaco Rd

Property type
Warehouses, Life science properties
Square Feet
22,220 SF
Year Built
2009
Stories
1
Lot Size (sq. ft)
111,731 SF

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.259062477523
Longitude
-95.361546804075
13939 Old Texaco Rd, Conroe, Texas

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13939 Old Texaco Rd
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