3402 Longhorn DrHouston, TX 77084

Property Details for 3402 Longhorn Dr

Year built

2022

Construction

STEEL FRAME

Lot size

1.29 AC

Property size (Sq ft)

9,740 SF

Property type

Warehouses

APN

440600000017

APU

440600000017

Description

This exceptional 38,400 square foot industrial business park presents a prime investment opportunity in Houston, Texas. Built in 2022, this Class B property comprises four individual, single-tenant buildings, each approximately 9,600 square feet. Each building features 16-foot ceilings, three 14' x 14' overhead doors, and a fenced private yard. The office space within each building totals approximately 12,000 square feet, including a reception area, four offices, a conference room, break room/kitchenette, and three restrooms. A 700 square foot mezzanine is accessible from the warehouse area. The property boasts individual electrical, water, and sewer connections for each building, along with high-efficiency LED lighting in the warehouse spaces. The buildings benefit from 3-phase 480-volt/200-amp services. Located at 3402 Longhorn Dr, Houston, TX 77084, this stabilized investment offers a 6.27% cap rate with a pro-forma cap rate of 7.11% and a pro-forma NOI of $470,043. The property sits on 3.71 acres, is conveniently located near the Energy Corridor, and offers easy access to I-10 and Beltway 8. The current leases are for 5-6 years, providing long-term income stability. Reduced insurance premiums result from an on-site fire water tank. This multi-tenant property offers diversified income streams and minimal landlord maintenance responsibilities due to tenant-managed upkeep per lease agreements. The asking price is $7,200,000, or $1,800,000 per unit.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8181

Longitude

-95.6649

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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