2008 Traders Rdg Dr Conroe, TX 77301
- Warehouses
- 15,000 SF
- 1.94 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2008 Traders Rdg Dr
- Year built
- 2023
- Lot size
- 1.94 lot acres
- Property size
- 15,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 15,000-square-foot industrial warehouse located at 2008 Traders Ridge Dr, Conroe, Texas, 77301. The property, built in 2023, sits on a 1.94-acre lot within the desirable Trader Ridge Business Park. This single-story, Class B building boasts a 26-foot ceiling height, making it ideal for various distribution and manufacturing uses. The property features 1,500 square feet of office space, 800 amps of heavy power, crane readiness, and a comprehensive sprinkler system. Ample parking and yard space are also available. A five-year net lease (NNN) commenced July 1st, 2024, generating a substantial net operating income (NOI) of $170,500, resulting in an attractive 6.20% capitalization rate. The asking price is $2,750,000, translating to $183.33 per square foot. Its strategic location provides easy access to Loop 336, FM 3083, Highway 105, and Interstate 45, enhancing its logistical appeal. The property's APN is 9290-00-00700. This is a turnkey investment opportunity with a strong tenant and excellent location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4301
- Latitude
- 30.3347
