'); Colliers International | Properties | For Sale | Flex/Industrial Investment Opportunity

For Sale | Flex/Industrial Investment Opportunity

4141-4147 Greenbriar Drive Stafford, Texas 77477

  • 24,874 Square Feet
  • Industrial
  • For Sale

Summary Description

Located on Greenbriar in Greenbriar Southwest Business Park with good access to the Southwest Freeway, Beltway 8, and Highway 90A. Key Map 569 K. 

Price: $1,687,000.00

Area Available: 24,874 Square Feet

Building Size

24,874 SF

Lot Size

1.82 AC

Location

Well located within Freeport Southwest Business Park. Easy access to Hwy 90A and US 59 via S. Kirkwood Rd.

Improvements

Tiltwall Construction, 100% HVAC, Dock-high rear load facility. 16' Clear, 300 amps of power.

Capital Expenditures

Landlord spent (1) approximately $35,000 in 2018 on upgrades to facility; replaced and rewired all wall park lighting, painted building, cleaned and re-striped parking lot. (2) Approximately $52,000 in 2017 in HVAC replacement & repairs.

Tenancy

Property benefits from stabilized occupancy - 100%. The tenants have strong financial commitment to building through significant build-out. Two (2) tenants have occupied the premises 10+ years and the third, since 2015.

Price

$1,687,000 - 8.3% CAP

Features:

  • 100% Occupancy
  • (3) Three Tenants
  • Industrial Gross Leases - Annual Escalations
  • 2-4 year Average remaining lease term
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