5405 Consulate Plaza DrHouston, TX 77032

Property Details for 5405 Consulate Plaza Dr

Year built

1998

Construction

STEEL FRAME

Lot size

2.58 AC

Property size (Sq ft)

29,862 SF

Property type

Warehouses

APN

1140270010002

APU

1140270010002

Description

This ±18,281 square foot warehouse, situated on a 2.58-acre lot in Houston's World Houston Business Park, presents a compelling investment opportunity. Built in 1998, the single-story tiltwall structure boasts a 16-foot ceiling height and is fully climate-controlled with 100% HVAC. The property includes approximately 6,000 square feet of office space and features two 12'x12' overhead doors, a substantial ±1,800 square foot canopy, and grade-level loading. Exterior improvements include a fenced concrete storage area with electric gates. The building benefits from heavy electrical service (800 amps). Currently leased to American Medical Response of Texas, Inc., the lease expires November 30, 2034, with a tenant termination option in September 2028 for $300,000 plus unamortized leasing costs. The property offers significant potential for future expansion given the ample land available. The Net Operating Income (NOI) for year one is projected at $282,066.64, translating to a net operating income of $1.29 per square foot (NNN). Annual lease bumps are set at 0.5%. This property is an excellent addition to any commercial real estate portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $9,396,140

  Hospitality

  $8,606,814

  Educational

  $7,160,768

  Medical

  $7,407,038

  Retail

  $11,138,973

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9501

Longitude

-95.3139

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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