Investment Overview

The subject property is a 9000 square foot industrial building built in 2004. Sitting on one acre the property has frontage on Fondren road near Beltway 8 and US 90A. The property has 14 grade level roll up doors and a 700 square foot office. The building is currently leased to Houston Safe and Lock with two years remaining and one five-year option at market rents. The building is in a predominantly industrial area that is well occupied because of its proximity to major thoroughfares. Fondren boasts over 20,000 CPD and has a daytime population of over 130,000 within 3 miles. Houston continues to have a strong industrial market especially for smaller assets. The Port of Houston continues to expand and allow bigger vessel to meet the demands of increased imports and exports from Houston’s energy sectors. These factors have increased demand for industrial space and continue to increase rates for smaller industrial space.