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9730 Telephone Rd Houston, TX 77075

For Sale
Contact for pricing

Modern industrial space, high occupancy.

Property size:
46,200 SF

Description

Added:
Dec 11, 2024
Days on Market:
366
This exceptional 46,200-square-foot industrial property, located in Houston, Texas, presents a compelling investment opportunity. Built in 2019, this three-building complex boasts a 79% occupancy rate and features desirable amenities such as 20' to 25' eave heights, clear-span construction with no interior columns, and drive-through capabilities. The property includes over 170 dedicated parking spots, a controlled access gate with perimeter fencing, and high-efficiency LED lighting throughout. All suites are equipped with oversized 12x14 overhead doors and 480-volt, 3-phase power with 150 amps per suite. The property sits on a 4.176-acre lot and is conveniently located near Houston's Hobby Airport. Currently, there are two remaining vacant suites, ready for immediate occupancy, with sizes ranging from 2,100 to 7,000 square feet. The existing lease structures are primarily triple net (NNN), with one suite on a gross lease. The property currently houses nine tenants, with suite sizes ranging from 2,100 to 8,400 square feet. The weighted average lease term is 1.71 years. The current cap rate on net operating income is 6.00%, with a projected stabilized cap rate of 8.24% at 100% occupancy. This property offers a blend of immediate income and significant upside potential.

Property Features for 9730 Telephone Rd

General Information

Property type
Distribution properties
Square Feet
46,200 SF
Lot Size
181,907 SF

Building Details

Year Built
2019
Buildings
3
Stories
1

HighLights

  • 79% Occupancy.
  • 1.71‑Year Weighted Average Lease Term (WALT).
  • Triple Net (NNN) leases, except for Suite B‑4, which is on a gross lease.
  • Nine tenants with spaces ranging from 2,100 to 8,400 square feet.
  • 6.00% Cap Rate based on current Net Operating Income (NOI).
  • 8.24% Stabilized Cap Rate at 100% occupancy.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Fleet Clean Houston Pressure Washing Service Glass plus llc Glass Manufacturer The OCD Plug Auto Parts Market Iron Sight Gym Gym McMullen Basketball Personal Trainer

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Houston
County
Harris
State
Texas
Longitude
-95.2869298
Latitude
29.6243519

FAQs

What type of property is this?
Distribution property - Modern industrial space, high occupancy.
Where is this distribution property located?
The property is located at 9730 Telephone Rd Houston, TX.
What are key features of this property?
This property features: 79% Occupancy.; 1.71-Year Weighted Average Lease Term (WALT).; Triple Net (NNN) leases, except for Suite B-4, which is on a gross lease.
More about this property
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