Commercial Real Estate Investment
Magnolia, TX Montgomery County
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- RE: Commercial Real Estate Investment
- Contact: Bobbi Coffey
Quick Facts
| Asking Price: | $6,900,000 | |
| Annual Revenue: | $432,600 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $432,600 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $7,210,000 | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 952165 | |
| Broker Reference #: | 76931-609080 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-609080
Commercial Real Estate Investment in Growing Magnolia
This is a commercial real estate investment opportunity offered at a 6.3% cap rate.
Located in rapidly growing Magnolia, in Montgomery County, south Texas, this +- 3.86 acre property has 4 free standing metal buildings totaling almost 38,000 SF. Currently under lease with a prime tenant through March, 2030, NNN, including 3% escalations, and an extension option.
With the exception of the storage unit, buildings are fully air-conditioned, and have custom athletic flooring. They are metal clad, steel frame, light industrial buildings with 26' eave height and 32' center height.
Site improvements include double sand court area, asphalt parking area, detention pond, security system, concrete paving, signage, landscaping, a canopy and chain link fencing. Bathrooms all recently upgraded.
Facility has a conference room and several offices, office building, kitchen/concession area and outdoor picnic area.
Excellent location in a rapidly growing area in south Texas. Contact broker for showing.
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Property Features and Assets:
Monthly Rent: $36,050.00
Square Units (Foot, Meter): 38,000
Lease Expiration Date: March 29, 2030, 10:00:00 PM
Terms Options: 1 option
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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