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1307 Illinois Ave 3,750 SF Industrial Building South Houston, TX 77587 $687,480 CAD ($183.33 CAD/SF)
Investment Highlights
- Three-property South Houston industrial portfolio totaling ±10,860 SF
- Seller Financing Option 36 months at 6% or 60months at 8% with 30% Down and 25 years Amortization
- Flexible exit strategy, with 1307 and 1309 on the same lot to be sold together, and 1313 Illinois positioned on a separate lot for future hold or refi
- Long-term occupied small-bay warehouse assets with existing tenants in place
- Below-market rents create upside through renewals or future rent increases
- Strong East/Southeast Houston logistics location with access to major industrial corridors
Executive Summary
Three-property industrial portfolio in South Houston totaling ±10,860 SF across three tenanted steel/metal warehouse buildings. Current gross income is $5,700/month, with upside through rent increases or renewals. Portfolio includes 1307 Illinois St, 1309 Illinois Ave (same lot must be sold together), and 1313 Illinois St (separate lot). Offered as a package with a discounted portfolio price: $1,300,000 with seller financing or $1,250,000 cash or conventional financing. Seller financing available with 30% down, 25-year amortization, and flexible terms of 36 months at 6% or 60 months at 8%. Strong small-bay industrial opportunity near Hobby Airport.
Tenant Info :
STANCO, a long-term machine shop / precision manufacturing tenant. The use is well-aligned with the property’s industrial features, including steel/metal construction, 3-phase power, fenced lot area, and 16’ clear height.
Tenant Info :
STANCO, a long-term machine shop / precision manufacturing tenant. The use is well-aligned with the property’s industrial features, including steel/metal construction, 3-phase power, fenced lot area, and 16’ clear height.
Property Facts
| Price | $687,480 CAD | Rentable Building Area | 3,750 SF |
| Price Per SF | $183.33 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1996 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.13/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 0.41 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | none - N/A | ||
| Price | $687,480 CAD |
| Price Per SF | $183.33 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 3,750 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 2.13/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | none - N/A |
Amenities
- Fenced Lot
Utilities
- Lighting
1 1
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0340090160012 | Improvements Assessment | $541,502 CAD |
| Land Assessment | $263,104 CAD | Total Assessment | $804,607 CAD |
Property Taxes
Parcel Number
0340090160012
Land Assessment
$263,104 CAD
Improvements Assessment
$541,502 CAD
Total Assessment
$804,607 CAD
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1307 Illinois Ave
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