Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 19650 Ramblewood Drive, Humble, Texas. The subject property consists of approximately 8,041 square feet of industrial space situated on two acres of land. The asset features an clear height of 14’, 4 grade-level doors, and three-phase power. Additionally, the property offers 16 parking spaces, approximately 2000 square feet of climate controlled office/retail flex space, and warehouse space designed for the use of either one single tenant or multi-tenant use. The excess land provides the unique opportunity to add additional warehouse space (utilities already in place) or to stabilize as industrial outdoor storage. The Northeast Hwy 90 has become one of Houston's most desirable industrial submarkets in recent years. Its strong infrastructure, as well as booming population has transformed it into a critical node for supply chains. Fueled by the presence of George Bush Intercontinental Airport and two major Union Pacific Rail yards along with higher-income suburbs like Humble and Atascocita, developers completed 4.7 million square feet of new industrial space over the past three years. Although rent growth will likely remain flat in the near term, there is potential for it to reaccelerate by the end of 2025 in tandem with a thinner supply pipeline as long as demand remains healthy. (CoStar) As the fifth most populous metro area in the U.S., Houston houses over seven million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import / export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.