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1309 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
- Located in South Houston, approximately 13 minutes from William P. Hobby Airport
- 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.
About Tenant:
877QuicDry is a family owned water damage restoration and mold remediation company serving residential and commercial clients. Their business is typically insurance-driven and service-based, supporting steady demand for warehouse, equipment, vehicle, and operations space. The tenant has occupied 1309 Illinois for approximately 20 years and has expressed interest in renewing, creating potential upside through lease renewal and rent adjustment.
About Tenant:
877QuicDry is a family owned water damage restoration and mold remediation company serving residential and commercial clients. Their business is typically insurance-driven and service-based, supporting steady demand for warehouse, equipment, vehicle, and operations space. The tenant has occupied 1309 Illinois for approximately 20 years and has expressed interest in renewing, creating potential upside through lease renewal and rent adjustment.
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 | 3.2/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 0.41 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | none | ||
| 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 | 3.2/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | none |
Amenities
- Fenced Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Quicdry
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Quicdry | Services | - | - | - |
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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1309 Illinois Ave
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