Industrial Flex Facility with Imaging
For Sale
$7,792,000
110 Magellan Cir, Webster, TX 77598
2016-built industrial/flex facility fully occupied by Evident Scientific on about 1.09 acres in the Houston MSA.
Property Size24,570 SF
Price / SF$317.13
Days on Market57
Property Features for 110 Magellan Cir
General Information
Standard status
Active
Size
24,570 SF
Property subtype
Net Lease
Amenities
Double Net lease structure provides investors with limited responsibilities
Current lease term extends through October 31, 2031, with one five-year renewal option remaining
Built-in 3.5% annual rental increases provide consistent income growth and a hedge against inflation
Strong in-place NOI of approximately $545,545 offers immediate passive cash flow to investors
Building Details
Building Size
24,570 SF
Year Built
2016
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Justin Miller · License #License(s): TX: 551204
(713) 452-4287
Source:
Marcusmillichap
Added: Jul 11
Changed: Aug 11
Last Checked: Sep 5 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
This industrial/flex facility consists of an approximately 24,570 SF purpose-built building constructed in 2016, currently fully occupied as a 100% leased, single-tenant asset. The property is leased to Evident Scientific, supporting advanced imaging, microscopy, and industrial inspection operations.
The asset is located within the Houston MSA and is positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities. Houston’s diversified economy includes energy, healthcare, logistics, manufacturing, and professional services sectors.
Fee simple ownership provides investors with long-term control of the underlying real estate.
The asset is located within the Houston MSA and is positioned near major aerospace, healthcare, and technology employment hubs, including NASA Johnson Space Center, Boeing, Lockheed Martin, and HCA Healthcare facilities. Houston’s diversified economy includes energy, healthcare, logistics, manufacturing, and professional services sectors.
Fee simple ownership provides investors with long-term control of the underlying real estate.
Key Highlights
- 2016‑built industrial/flex facility totaling 24,570 SF
- Fully occupied, 100% leased single‑tenant asset to Evident Scientific
- Located on approximately 1.09 acres in Webster, Texas
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,966
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Luby's — 20001 Gulf Fwy, Webster, TX 77598
- Consuelas Kitchen — 200 Water St, Webster, TX 77598
- Firehouse Subs Webster — 304 W Bay Area Blvd Ste 100, Webster, TX 77598
Frequently Asked Questions
What type of property is this?
Flex space - 2016-built industrial/flex facility fully occupied by Evident Scientific on about 1.09 acres in the Houston MSA.
Where is this flex space located?
The property is located at 110 Magellan Cir Webster, TX.
What is the asking price?
The asking price for this property is $7,792,000.
What are key features of this property?
This property features: 2016‑built industrial/flex facility totaling 24,570 SF; Fully occupied, 100% leased single‑tenant asset to Evident Scientific; Located on approximately 1.09 acres in Webster, Texas
