2009 Traders Rdg DrConroe, TX 77301

Property Details for 2009 Traders Rdg Dr

Year built

2022

Lot size

1.83 AC

Property size (Sq ft)

15,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 15,000-square-foot industrial warehouse, situated on a 1.828-acre lot in Conroe, Texas, presents a compelling investment opportunity. Built in 2022, this Class B property boasts a single-story design with a 26-foot ceiling height, offering ample space for various distribution, manufacturing, or warehouse operations. Currently under a Net Lease agreement with a remaining term of approximately 1.1 years (expiring January 1, 2026), the property generates a substantial Net Operating Income (NOI) of $174,600, resulting in a 6.35% cap rate. The asking price is $2,750,000, translating to $183.33 per square foot. The property features 800 amps of heavy power, extensive parking, and ample yard space within the desirable Trader Ridge Business Park. Its strategic location provides convenient access to major thoroughfares including Loop 336, FM 3083, Highway 105, and is just minutes from I-45. The property is zoned N/A and the APN is 9290-00-01300. This is a 1031 exchange eligible property. This is a single-tenant, NNN lease. The lease commenced January 1, 2024 and is for a total term of two years.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.3348

Longitude

-95.4298

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