2008 Traders Rdg DrConroe, TX 77301

Property Details for 2008 Traders Rdg Dr

Year built

2023

Lot size

1.94 AC

Property size (Sq ft)

15,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 15,000-square-foot industrial warehouse located at 2008 Traders Ridge Dr, Conroe, Texas, 77301. The property, built in 2023, sits on a 1.94-acre lot within the desirable Trader Ridge Business Park. This single-story, Class B building boasts a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. The property features 1,500 square feet of office space, 800 amps of heavy power, crane readiness, and a comprehensive sprinkler system. Ample parking and yard space are also available. A five-year net lease (NNN) commenced July 1st, 2024, generating a substantial net operating income (NOI) of $170,500, resulting in an attractive 6.20% capitalization rate. The asking price is $2,750,000, translating to $183.33 per square foot. Its strategic location provides easy access to Loop 336, FM 3083, Highway 105, and Interstate 45, enhancing its logistical appeal. The property's APN is 9290-00-00700. This is a turnkey investment opportunity with a strong tenant and excellent location.

Location Insight

City

Conroe

County

Montgomery

State

Texas

Latitude

30.3347

Longitude

-95.4301

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