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Investment Highlights

  • Completely Renovate 2020 - New Roof - New Offices - New Floor -New Walls - Coated Floors - New Kitchen - New Bathrooms - Completely Painted
  • Never Flooded - Not in a flood zone - never had any issues with flooding
  • 36 High Definition Camera System - Fire System Alarm and Fire Emergency Doors through out the premises
  • New Roof Silcone Coating with 20 years warranty from the manufacture - No Leaks - No Issue for 20 years
  • Two 24ft Sliding gates and 7ft fence around the front parking - completely secured
  • Located on the feeder of highway 225, minutes from 610 Highway and features a 120ft x 20ft frontage for a sign on the highway level

Executive Summary

Prime investment opportunity - Completely Renovated 36,000sf, Warehouse Building located on the feeder of Highway 225, minutes away from the Ship Channel, 610 Loop, Beltway 8, and the Oil and Gas Refineries
The building is on a 3+3 years contract with a reputable tenant.
With a 120ft X 20ft Frontage sign, located at the same elevation of Highway 225 - an exposure of over 10,000 cars per day, you're guaranteed to be seen - Sign Alone has a $6,000 per month value!!!
This building features complete 2021 renovations which include a brand new roof, Floors, Offices, Restrooms, Kitchen, Ceiling, Gates, Doors, Gutters, walls, insulation, and more.
Currently, the size of the building is 36,000sf and is constructed of blocks/concrete walls and divided into 6 sections with a special fire door between each part, additionally, there is a 2nd floor with another 5,300sf which is not calculated in the building size and it is practically free with the building.
There are at least 25 Parking spots on-site, gated and secured as well as 2 driveway entrances with 25ft wide sliding gates, one to South Shaver st and one is on the feeder of Highway 225, we also have an additional parking lot with 12 spots located across the building (optional), and over 25 street parking spots along with the building, and over 60 public parking's in front of the building under the highway - so parking is never the issue!
The building has four garage doors on two sides and features a loading dock in the front for easy access to large trucks.
The office is modern and features beautiful ceramic flooring, brand new windows and doors, Internet and phone system ready, fire alarm system, as well as an existing 36 camera security system and TV monitoring - all include in the price.
The building height is between 12ft to 25ft, depending n the area, the building also has 1 outdoor truck loading dock and you can easily add a second one if needed.
Feel free to contact us at any time for more information or to schedule a showing!!!
Realtors are welcome..

Property Facts

Price $6,243,705 CAD
Price Per SF $173.44 CAD
Sale Type Investment or Owner User
Cap Rate 4.80%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • FlexLight Distribution
Building Class B
Lot Size 1.38 AC
Rentable Building Area 36,000 SF
No. Stories 1
Year Built/Renovated 1947/2021
Tenancy Single
Parking Ratio 0.67/1,000 SF
Clear Ceiling Height 25’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes
Zoning None - Commercial / Industrial

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Fluorescent Lighting
  • Air Conditioning

Utilities

  • Lighting
  • Water
  • Sewer
  • Heating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0282070000020
Land Assessment
$949,589 CAD
Improvements Assessment
$835,335 CAD
Total Assessment
$1,784,924 CAD
  • Listing ID: 23544299

  • Date on Market: 2021-06-29

  • Last Updated:

  • Address: 102 S Shaver St, Pasadena, TX 77506

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