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

Warehouses

Property subtype

Industrial properties

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].