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.
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Robert Graham
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13939 Old Texaco Rd, Conroe, Texas, 77302
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13939 Old Texaco Rd
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