2001 Traders Rdg DrConroe, TX 77301

  • Warehouses
  • 20,000 SF
For Sale
$3,400,000 View listing

Property Details for 2001 Traders Rdg Dr

Year built
2022
Lot size
2.23 AC
Property size (Sq ft)
20,000 SF
Property type
Warehouses
Property subtype
Industrial properties

Description

This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse ideally situated on a 2.23-acre lot within Conroe's Trader Ridge Business Park. The property boasts a single-tenant, net lease with Sunbelt Solomon, a reputable tenant, under a five-year lease commencing August 1, 2022, and expiring July 31, 2027, leaving approximately 2.7 years remaining. The building, constructed in 2022, is classified as Class B and features a 26-foot ceiling height, three roll-up doors, and is crane-ready. The property includes 20 parking spaces and an on-site detention pond. The building's robust infrastructure includes 3-phase power (800 amps) and a sprinkler system. The asking price is $3,400,000, representing a price per square foot of $170 and a compelling 6.85% cap rate, with a net operating income (NOI) of $232,800. The property's strategic location offers convenient access to major thoroughfares, including Loop 336, FM 3083, and Highway 105. Rent bumps are included in the lease agreement. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property is zoned N/A. This is an investment-only opportunity; please do not disturb the tenant.

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.3359
Longitude
-95.4292

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