9205 Carraway Ln Magnolia, TX 77354-6022

Property Details for 9205 Carraway Ln

Year built

2018

Lot size

5.00 lot acres

Property size

1,599 SF

Zone code

2

Property type

Warehouses

Property subtype

Self storage facilities

APN

0027-00-05000

APU

270005000

Description

This exceptional 70,893-square-foot industrial warehouse property, located at 9205 Carraway Ln, Magnolia, TX 77354 (Montgomery County), presents a lucrative investment opportunity. Built in 2018 on a 5-acre lot (APN 33852), this facility boasts 143 units, currently operating at 97% occupancy. The 10-building complex includes 131 traditional enclosed units, 11 enclosed drive-through units, and one covered space. The average unit size is 496 square feet, offering ample space for various recreational vehicles and boats. Construction features include gravel drives, steel and metal construction, robust security measures, and an on-site office. The property benefits from an assumable 10-year loan (maturing 5/6/2031) with a fixed 4.152% interest rate and a 30-year amortization. Situated within a thriving community, the facility enjoys a prime location, with 112,613 people residing within a 5-mile radius and an average household income of $179,854. Its proximity to multiple master-planned communities and major roadways (3.3 miles from TX-249 Toll Road and 9 miles from I-45) ensures convenient access and strong customer demand. The property's consistent leasing history and the potential for future rent increases further enhance its investment appeal. The asking price is $4,650,000.