2001 Traders Rdg Dr Conroe, TX 77301
- Warehouses
- 20,000 SF
- 2.23 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2001 Traders Rdg Dr
- Year built
- 2022
- Lot size
- 2.23 lot acres
- Property size
- 20,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse ideally situated on a 2.23-acre lot within Conroe's Trader Ridge Business Park. The property boasts a single-tenant, net lease with Sunbelt Solomon, a reputable tenant, under a five-year lease commencing August 1, 2022, and expiring July 31, 2027, leaving approximately 2.7 years remaining. The building, constructed in 2022, is classified as Class B and features a 26-foot ceiling height, three roll-up doors, and is crane-ready. The property includes 20 parking spaces and an on-site detention pond. The building's robust infrastructure includes 3-phase power (800 amps) and a sprinkler system. The asking price is $3,400,000, representing a price per square foot of $170 and a compelling 6.85% cap rate, with a net operating income (NOI) of $232,800. The property's strategic location offers convenient access to major thoroughfares, including Loop 336, FM 3083, and Highway 105. Rent bumps are included in the lease agreement. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property is zoned N/A. This is an investment-only opportunity; please do not disturb the tenant.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4292
- Latitude
- 30.3359
