2004 Traders Rdg Dr Conroe, TX 77301
- Warehouses
- 20,000 SF
- 3.26 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2004 Traders Rdg Dr
- Year built
- 2022
- Lot size
- 3.26 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 situated on a 3.26-acre lot in Conroe, Texas. The property, built in 2022, boasts a Class B rating and features a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. Currently under a net lease with Falcon Water, the tenant occupies the entire space with a lease term extending until July 31, 2027, offering a remaining lease term of approximately 2.7 years. The lease includes rent bumps, ensuring future income growth. The property's strategic location within the Trader Ridge Business Park provides convenient access to major roadways, including Loop 336, FM 3083, Highway 105, and I-45. The building includes 20 parking spaces and ample yard space. The asking price is $3,400,000, representing a compelling $170 per square foot and a 6.85% capitalization rate based on a net operating income (NOI) of $232,800. This single-tenant, net-lease investment is structured for a 1031 exchange, offering significant tax advantages. The property's features include 800 amps of heavy power, crane readiness, and a sprinkler system. The property's APN is 9290-00-00600. 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
- -95.4299
- Latitude
- 30.3352
