Elmview Dr - Naomi St - Melbourne St - Ramus St Houston, TX
Portfolio of four industrial buildings totaling 57,565 square feet.
Property size:
57,565 SFLot size:
3.13 AcresProperty Features for Elmview Dr - Naomi St - Melbourne St - Ramus St
General Information
- Size
- 57,565 SF
- Lot size
- 3.13 Acres
Source:
Moodyscre
Listing Agent: Todd Moore
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Houston Industrial Portfolio For Sale
This portfolio comprises four small-bay industrial buildings, totaling 57,565 square feet. The properties are strategically located around Houston’s 610 Loop and in the Spring Branch submarket. Constructed with metal and CMU, the buildings were originally built in 1984 and renovated in 2023. The portfolio features 35 suites with an average suite size of 1,815 square feet, and it is situated on 3.1 acres. Currently 93% leased, the portfolio offers immediate cash flow. The average remaining WALT is 2 years with FMV renewal options. The portfolio's infill locations provide close proximity to population hubs and major thoroughfares, including U.S. 290, I-45, and the 610 Loop. A significant amount of capital improvements have been invested, including full renovations on 79% of the suites. Small bay industrial assets are experiencing strong rent growth and leasing absorption, particularly in infill locations, with no competing assets under construction within the competitive trade area.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
CallForFireCateringLLC., Aramark, Paella Fusion Texas, Crafted Culinary Experience (upscale personal chef), Love & Loyalty Catering
Map
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.37
- Latitude
- 29.77
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Portfolio of four industrial buildings totaling 57,565 square feet.
Where is this flex space located?
The property is located at Elmview Dr - Naomi St - Melbourne St - Ramus St Houston, TX.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: - Existing cash flow with 93% occupancy and NNN leases; - Infill location near Houston's 610 Loop and in the Spring Branch submarket; - Below market rents offer significant upside potential