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Shopping Strip

Crown Park Industrial

11235 Crown Park Drive, Houston, TX 77067

Listing Price: $9,000,000

Cap Rate
5.55%
Gross SF
83,896
Rentable SF
83,896
Price/Gross SF
$107.28
Lot Size
11.17 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to offer Crown Park Industrial located at 11233- 11235- 11237- 11245 Crown Park Drive in Houston, TX (“Property”). The four (flex) buildings consist of approximately 83,896 square feet of space and are situated on 11.17 acres of land. The Property is currently 93.3% occupied, which provides an attractive value-add component. Located in the North Freeway/Tomball Parkway Industrial Submarket (CoStar), which contains 38.7 million square-feet of industrial product. 2.6 million square feet was absorbed within the past 12 months. This submarket experienced a 5.4% rent growth during this same 12-month time period. Crown Park Industrial is located on the Southwest corner of Gears Road and Crown Park Drive and less than one mile from Sam Houston Tollway. It’s also located twelve miles from Bush Intercontinental Airport, which is ranked the 12th busiest airport in the United States. All buildings have metal roofs that slope from front to back. LED lighting is utilized throughout the parking lot and units. The property is completely gated & fenced, while after-hours access is available via keypad.

Investment Highlights

  • Tilt-Wall Construction | Flex Buildings (4) Offer a Wide Variety of Uses
  • Large 11.17 Acre Parcel That Includes 5.18-Acres of Undeveloped Land
  • 5.4% 12-Month Rent Growth (CoStar)
  • $9,000,0000 | $107.28 SF
  • Significantly Below Replacement Cost
  • 93.3% Occupied

Exclusively Listed By

Shopping Strip

Crown Park Industrial

Listing Price: $9,000,000

Cap Rate
5.55%
Gross SF
83,896
Rentable SF
83,896
Price/Gross SF
$107.28
Lot Size
11.17 acres
Year Built
1987

Investment Highlights

  • Tilt-Wall Construction | Flex Buildings (4) Offer a Wide Variety of Uses
  • Large 11.17 Acre Parcel That Includes 5.18-Acres of Undeveloped Land
  • 5.4% 12-Month Rent Growth (CoStar)
  • $9,000,0000 | $107.28 SF
  • Significantly Below Replacement Cost
  • 93.3% Occupied

Investment Overview

Marcus & Millichap is pleased to offer Crown Park Industrial located at 11233- 11235- 11237- 11245 Crown Park Drive in Houston, TX (“Property”). The four (flex) buildings consist of approximately 83,896 square feet of space and are situated on 11.17 acres of land. The Property is currently 93.3% occupied, which provides an attractive value-add component. Located in the North Freeway/Tomball Parkway Industrial Submarket (CoStar), which contains 38.7 million square-feet of industrial product. 2.6 million square feet was absorbed within the past 12 months. This submarket experienced a 5.4% rent growth during this same 12-month time period. Crown Park Industrial is located on the Southwest corner of Gears Road and Crown Park Drive and less than one mile from Sam Houston Tollway. It’s also located twelve miles from Bush Intercontinental Airport, which is ranked the 12th busiest airport in the United States. All buildings have metal roofs that slope from front to back. LED lighting is utilized throughout the parking lot and units. The property is completely gated & fenced, while after-hours access is available via keypad.

Exclusively Listed By

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