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1720-1726 W 23rd St - EXI Warehouse 21,700 SF Flex Building
ABOUT 1720-1726 W 23RD ST , HOUSTON , TX 77008
| Price | Not Individually For Sale | Building Class | B |
| Building Size | 21,700 SF | Lot Size | 0.75 AC |
| Property Type | Flex | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Light Distribution |
| Price | Not Individually For Sale |
| Building Size | 21,700 SF |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 0.75 AC |
| Parking Ratio | 1.24/1,000 SF |
EXECUTIVE SUMMARY
The total property consists of two buildings that are divided into four separate spaces: 1718A (4,050 sqft), 1718B (4,650 sqft), 1720 (10,000 sqft), and 1726 (3,000 sqft). Currently 1718A is leased to Rayson Machine Shop and 1718B is leased to a Imperium Crossfit Gym. 1720 and 1726 is vacant and can be leased or can be used by the buyer.
This property is best for an industrial/office flex investor who wants a value add investment by leasing the vacant space and increasing rents over time. Current rents are below market for flex spaces in the area. This property is also best for an owner/user who needs an industrial/office flex property in great condition with numerous offices and lease space to tenants to lower the actual property cost.
The price is set at building per square foot value and is in great condition. The property has 11 total offices with a kitchen area, and additional upstairs storage. 1720/1726 was built in 1980 and renovated in 1990. 1718A and 1718B were built in 2002. Total land square footage is 32,663, with the possibility of acquiring an additional 10,000 square feet for a rectangular 1 acre of land that’s next door to a current luxury townhome development. As a result of the close proximity to I-610, inside the loop, and across from a large park, this land should experience long-term appreciation as well. A new apartment project is being built one block to the south.
Other features include bay entrances having a ceiling height of 20 feet and the entire interior space being 95% AC capable.
This property is best for an industrial/office flex investor who wants a value add investment by leasing the vacant space and increasing rents over time. Current rents are below market for flex spaces in the area. This property is also best for an owner/user who needs an industrial/office flex property in great condition with numerous offices and lease space to tenants to lower the actual property cost.
The price is set at building per square foot value and is in great condition. The property has 11 total offices with a kitchen area, and additional upstairs storage. 1720/1726 was built in 1980 and renovated in 1990. 1718A and 1718B were built in 2002. Total land square footage is 32,663, with the possibility of acquiring an additional 10,000 square feet for a rectangular 1 acre of land that’s next door to a current luxury townhome development. As a result of the close proximity to I-610, inside the loop, and across from a large park, this land should experience long-term appreciation as well. A new apartment project is being built one block to the south.
Other features include bay entrances having a ceiling height of 20 feet and the entire interior space being 95% AC capable.
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