Listing Number: 76931-609080
Description
This is a commercial real estate investment opportunity offered at a 6.3% cap rate.
Located in rapidly growing Magnolia, in Montgomery County, south Texas, this +- 3.86 acre property has 4 free standing metal buildings totaling almost 38,000 SF. Currently under lease with a prime tenant through March, 2030, NNN, including 3% escalations, and an extension option.
With the exception of the storage unit, buildings are fully air-conditioned, and have custom athletic flooring. They are metal clad, steel frame, light industrial buildings with 26' eave height and 32' center height.
Site improvements include double sand court area, asphalt parking area, detention pond, security system, concrete paving, signage, landscaping, a canopy and chain link fencing. Bathrooms all recently upgraded.
Facility has a conference room and several offices, office building, kitchen/concession area and outdoor picnic area.
Excellent location in a rapidly growing area in south Texas. Contact broker for showing.
Listing Details
- Price: $6,900,000
- Down Payment: $6,900,000
- Sellers Discretionary Earnings: $432,600
- Total Sales: $432,600
- Location: Montgomery County, Texas
- Inventory: $0
- FF&E: $0
- Employees:
- Reason for Selling: NA
- Category: Real Estate Related,Sports Related Biz
