• Sold
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX
For Sale | Net Lease Investment in Tomball, TX

For Sale

$640,000 USD

Single-Tenant Industrial Net Lease Investment Opportunity – 623 S Chestnut is a 6,250-SF, single-tenant office/warehouse on 0.81 acres, built in 2011 and located in Chestnut Business Park in Tomball, Texas.  The building has been leased to an existing tenant since 2013, who has expanded into an adjacent suite and has signed a new 5-year lease running through November 30, 2023.  Property includes ±750 SF of office; 3 phase, 480V power.  Landlord is responsible for foundation, roof and structural components.  Sale Price: $640,000  NOI Year 1: $48,000, 3% base rent increase in Year 3.  Cap rate: 7.5%

Property Details

  • 12/07/2018
  • Sold