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5432 FM 1488 Rd - Garages of America Unit G10-11 12,055 SF Specialty Building Offered at $1,079,144 CAD at a 9.40% Cap Rate in Magnolia, TX 77354
Investment Highlights
- Enthusiast Property
- Current tenant on Multi year lease
- Full build out
Executive Summary
THE ULTIMATE COLLECTOR’S SANCTUARY
Offered as a contiguous double-unit suite within the prestigious Garages of America private community. This isn't just a garage; it’s a high-end, climate-controlled gallery designed for the most discerning automotive enthusiasts.
INVESTMENT HIGHLIGHTS
Immediate Cash Flow: Secure a turn-key asset with a reputable tenant already in place.
Lease Term: Three (3) years remaining on a multi-year lease.
Pre-Paid Rent: $80,000 in pre-paid rent to be credited to the buyer at closing.
Value Play: Two units (G10 & G11) being sold as a single, expanded footprint.
PREMIUM FEATURES & FINISHES
Showroom-Grade Aesthetics
Signature Lighting: Custom oversized Hexagon LED ceiling grids providing brilliant, shadow-free illumination.
Epoxy Flooring: High-performance epoxy flake flooring throughout the entire main level and bathroom.
Designer Palette: Sleek charcoal walls paired with blacked-out industrial ceilings and exposed ductwork.
Structural & Functional Excellence:
Expansive Mezzanine: A heavy-duty structural mezzanine overlooks the gallery, perfect for a private office or luxury lounge.
Full Luxury Bath: Features a walk-in tiled shower, modern trough sink with matte-black hardware, and premium fixtures.
High-Clearance Access: Large, high-clearance roll-up garage door equipped with integrated windows for natural light.
Community Perks: Gated 24/7 security, climate control, and access to the exclusive owner’s clubhouse.
LOCATION
Situated on the high-growth FM 1488 corridor, these units offer prime proximity to The Woodlands and major Texas thoroughfares, ensuring long-term property appreciation and desirability.
Offered as a contiguous double-unit suite within the prestigious Garages of America private community. This isn't just a garage; it’s a high-end, climate-controlled gallery designed for the most discerning automotive enthusiasts.
INVESTMENT HIGHLIGHTS
Immediate Cash Flow: Secure a turn-key asset with a reputable tenant already in place.
Lease Term: Three (3) years remaining on a multi-year lease.
Pre-Paid Rent: $80,000 in pre-paid rent to be credited to the buyer at closing.
Value Play: Two units (G10 & G11) being sold as a single, expanded footprint.
PREMIUM FEATURES & FINISHES
Showroom-Grade Aesthetics
Signature Lighting: Custom oversized Hexagon LED ceiling grids providing brilliant, shadow-free illumination.
Epoxy Flooring: High-performance epoxy flake flooring throughout the entire main level and bathroom.
Designer Palette: Sleek charcoal walls paired with blacked-out industrial ceilings and exposed ductwork.
Structural & Functional Excellence:
Expansive Mezzanine: A heavy-duty structural mezzanine overlooks the gallery, perfect for a private office or luxury lounge.
Full Luxury Bath: Features a walk-in tiled shower, modern trough sink with matte-black hardware, and premium fixtures.
High-Clearance Access: Large, high-clearance roll-up garage door equipped with integrated windows for natural light.
Community Perks: Gated 24/7 security, climate control, and access to the exclusive owner’s clubhouse.
LOCATION
Situated on the high-growth FM 1488 corridor, these units offer prime proximity to The Woodlands and major Texas thoroughfares, ensuring long-term property appreciation and desirability.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,079,144 CAD | Property Subtype | Parking Garage |
| Price Per SF | $89.52 CAD | Lot Size | 9.34 AC |
| Sale Type | Investment or Owner User | Building Size | 12,055 SF |
| Cap Rate | 9.40% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $1,079,144 CAD |
| Price Per SF | $89.52 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.40% |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Lot Size | 9.34 AC |
| Building Size | 12,055 SF |
| No. Stories | 2 |
| Year Built | 2023 |
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Property Taxes
| Parcel Number | 5262-00-00100 | Improvements Assessment | $110,086 CAD |
| Land Assessment | $35,057 CAD | Total Assessment | $145,143 CAD |
Property Taxes
Parcel Number
5262-00-00100
Land Assessment
$35,057 CAD
Improvements Assessment
$110,086 CAD
Total Assessment
$145,143 CAD
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5432 FM 1488 Rd - Garages of America Unit G10-11
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