1616 Gears RdHouston, TX 77067

Property Details for 1616 Gears Rd

Year built

2009

Construction

METAL FRAME

Lot size

8.34 AC

Property size (Sq ft)

100,586 SF

Property type

Flex space

APN

1313580010001

APU

1313580010001

Description

This exceptional 215,474 square foot, single-tenant manufacturing campus in Houston, Texas presents a compelling sale-leaseback opportunity. Situated on a 16.68-acre lot, the property boasts two manufacturing facilities and two office buildings, totaling 23,856 square feet of office space. Built in 2009 and renovated in 2022, the facility features 50-foot ceiling heights and crane service up to 40 tons. The property enjoys a prime location in North Houston, offering easy access to major transportation arteries including Beltway 8, I-45 North, and the Hardy Toll Road. Currently 100% occupied by W-Industries, Inc., this asset offers a strong 7.75% cap rate and a Net Operating Income (NOI) of $2,120,268, with an asking price of $27,358,247. The property's design allows for easy subdivision, with multiple points of ingress and egress, making it an attractive investment opportunity. The address is 1616 Gears Rd, Houston, TX 77067, in Harris County. This is a rare chance to acquire a high-quality, fully occupied industrial property in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $31,649,594

  Hospitality

  $28,990,858

  Educational

  $24,120,054

  Medical

  $24,949,580

  Retail

  $37,520,084

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9474

Longitude

-95.4494

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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