Kurt Drive Industrial 15405 Kurt Dr 9,750 SF Industrial Building Humble, TX 77396 $1,050,787 CAD ($107.77 CAD/SF) 8.80% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 15405 Kurt Drive in Humble, Texas. The subject property consists of approximately 9,750 square feet of industrial space situated on 0.74 acres of land, and is currently occupied by Lone Star Hazmat on a recently signed
three-year lease. The asset features durable metal construction, a 12’ clear height, six grade-level doors, and a fully fenced site offering ample parking and industrial outdoor storage (30% coverage ratio). Situated on the corner of Kurt Drive and Edward Drive, the property benefits from ditch drainage protection and excellent regional connectivity near the I-69 and Beltway 8 interchange, just six miles southeast of George Bush Intercontinental Airport and one mile from World Houston International Business Center. This offering provides immediate cash flow with future upside potential to reconfigure or add value upon lease expiration.
The subject property is well-positioned within the large North Hardy Toll Road submarket, containing 51.0 million square feet of industrial space. In the 12 months through Q3 2025, net absorption contracted by about -283,000 square feet. During this time, more than 1.1 million square feet of industrial space
was added to the North Hardy Toll Road submarket, pushing the vacancy rate up by 270 basis points to 8.9 percent. Despite the increase in availability, rents rebounded in 2025, rising 400 basis points through the first three quarters. At 4.4 percent, annual rent growth in the North Hardy Toll Road submarket
outpaced the consumer price index and the average rent growth nationwide by 280 basis points. The average asking rent of $9.70 per square foot represents a 27.9 percent increase over the last five years. With 1.3 million square feet of industrial space under construction in the last quarter of the year, the
submarket continues to attract new development, but vacancies and rents will largely be affected by demand for the foreseeable future (CoStar).
As the fifth most populous metro area in the U.S., Houston houses over seven million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the
southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the
northwest, many companies are expanding to the region to provide goods and services to the increasing population.