2004 Traders Rdg DrConroe, TX 77301

Property Details for 2004 Traders Rdg Dr

Year built

2022

Lot size

3.26 AC

Property size (Sq ft)

20,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse situated on a 3.26-acre lot in Conroe, Texas. The property, built in 2022, boasts a Class B rating and features a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. Currently under a net lease with Falcon Water, the tenant occupies the entire space with a lease term extending until July 31, 2027, offering a remaining lease term of approximately 2.7 years. The lease includes rent bumps, ensuring future income growth. The property's strategic location within the Trader Ridge Business Park provides convenient access to major roadways, including Loop 336, FM 3083, Highway 105, and I-45. The building includes 20 parking spaces and ample yard space. The asking price is $3,400,000, representing a compelling $170 per square foot and a 6.85% capitalization rate based on a net operating income (NOI) of $232,800. This single-tenant, net-lease investment is structured for a 1031 exchange, offering significant tax advantages. The property's features include 800 amps of heavy power, crane readiness, and a sprinkler system. The property's APN is 9290-00-00600. This is an investment-only opportunity; please do not disturb the tenant.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.3352

Longitude

-95.4299

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