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7449 Wright Rd 13,248 SF 40% Leased Industrial Building Houston, TX 77041 $2,407,962 CAD ($181.76 CAD/SF)
INVESTMENT HIGHLIGHTS
- Multiple offices, warehouse space, storage, 14’ ceiling height, multiple bays, production areas, parking and easy access to Hwy 290.
EXECUTIVE SUMMARY
Price reduced to professionally appraised value. The property is located in the northwest industrial submarket with good access to US 290 and Beltway 8. The submarket currently reports occupancy rates in the 94% range. The neighborhood is a mixture of residential, commercial, and industrial property types. The area has good access with respect to employment, shopping, and medical facilities, and the school district is well-respected. The Sam Houston Parkway traverses the neighborhood and provides good access to all the major freeway systems of Houston. The predominant property type within the area is industrial, with most of these properties located on the streets within the neighborhood such as FM 529, Brittmoore Road and Tanner Road, or in deed-restricted industrial parks along the Sam Houston Parkway. There has been a modest amount of retail and industrial development in the neighborhood over the past few years. The neighborhood is well located with respect to major traffic carriers, and it is in Houston's western growth pattern. Due to the industrial nature of the neighborhood, real estate activity is expected to remain stable in the near future.
This 13,248 SF building on 1.578 acres was owner occupied in the front and leased in the back. The owner operated a fishing rod company in the front portion of the building and is vacating. The tenant in the back portion of the building is on a month-to-month lease. The current tenant does primarily upholstery work on vehicles, boats and RV’s.
This 13,248 SF building on 1.578 acres was owner occupied in the front and leased in the back. The owner operated a fishing rod company in the front portion of the building and is vacating. The tenant in the back portion of the building is on a month-to-month lease. The current tenant does primarily upholstery work on vehicles, boats and RV’s.
PROPERTY FACTS
| Price | $2,407,962 CAD | Rentable Building Area | 13,248 SF |
| Price Per SF | $181.76 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2005 |
| Property Type | Industrial | Parking Ratio | 1.89/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 1.58 AC |
| Price | $2,407,962 CAD |
| Price Per SF | $181.76 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.58 AC |
| Rentable Building Area | 13,248 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 1.89/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 5 |
AMENITIES
- Fenced Lot
- Storage Space
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water - Well
- Sewer - Septic Field
- Heating
1 1
PROPERTY TAXES
| Parcel Number | 0640150000480 | Improvements Assessment | $936,589 CAD |
| Land Assessment | $467,663 CAD | Total Assessment | $1,404,252 CAD |
PROPERTY TAXES
Parcel Number
0640150000480
Land Assessment
$467,663 CAD
Improvements Assessment
$936,589 CAD
Total Assessment
$1,404,252 CAD
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7449 Wright Rd
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