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19960 Tx-242 Conroe, TX 77306

For Sale
$3,500,000

7% Cap Rate, Multi-Tenant Warehouse

Property size:
22,700 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This exceptional investment opportunity presents a 22,700-square-foot industrial portfolio in Conroe, Texas, boasting a compelling 7.05% capitalization rate and a strong net operating income (NOI) of $246,629. The property comprises five Class C warehouses situated on a seven-acre lot, currently 100% leased to five tenants under a triple-net (NNN) lease structure. Built in 2004, each warehouse features 18-foot ceilings, heavy power, large grade-level doors, and ample outside storage. The property also includes a billboard lease, adding to its income stream. All buildings are fully insulated and have never experienced flooding. The asking price is $3,500,000, translating to $154.19 per square foot. Below-market rents present a significant opportunity for future income growth. Seller financing is available, making this an attractive proposition for investors seeking a stable, high-yielding asset in a thriving Texas market. The property is located at 19960 TX-242, Conroe, TX 77306, within Montgomery County. This multi-tenant industrial complex offers a diversified income stream and significant potential for long-term appreciation.

Property Features for 19960 Tx-242

General Information

Property type
Distribution properties
Square Feet
22,700 SF
Class
C
Lot Size
304,920 SF

Building Details

Year Built
2004
Buildings
5

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Map

City
Conroe
County
Montgomery
State
Texas
Longitude
-95.2643858
Latitude
30.2168132

FAQs

What type of property is this?
Distribution property - 7% Cap Rate, Multi-Tenant Warehouse
Where is this distribution property located?
The property is located at 19960 Tx-242 Conroe, TX.
What is the asking price?
The asking price for this property is $3,500,000.
More about this property
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