Bauman Road Warehouses

Bauman Road Warehouses
E xe c u t i v e S u m m a r y Executive Summary
The Bauman Road Warehouses are located off of Berry Road and
Fulton Street in the North Houston Industrial Submarket. This area
is and has been home to a dense residential population base and
has added a large amount of retail development in recent years.
Fulton Street runs north south and provides tenants easy access
to Interstate 45, while Berry Road the east west thoroughfare
intersects the Hardy Toll Road.
The Bauman Road Warehouses consist of 66,000 rentable square
feet on 3.89 acres. The buildings are of freestanding metal
construction with brick façade and each served by a grade level
door. The Bauman Road Warehouses stand out from other business
parks because tenants have the luxury of having an outside storage
area. Many of the current tenants have been in place for a number
of years, showing commitment to the area and project.
The Bauman Road Warehouses are currently 88% occupied. This
offers a new investor immediate upside in leasing the vacant
space. The rent in place is also well below the submarket average,
translating to additional upside through rolling leases to market
averages.
8 3 0 3 B a u m a n H o u s t o n , Te x a s
Property Information
Building Size
66,000 SF
Land Area
3.89 Acres
Building Class
Class C
Occupancy
88%
No. of Floors
1
Year Built
1976
Parking
Ample
Ceiling Heights
14 feet
Loading Docks
Grade level
Zoning
None
Features
Corner Lot & Available Signage
Financial Information
Price
$1,656,000
Cap Rate
Cost PSF
9.02%
$25.09
Investment Highlights
• Increasingly Rare Product
• Freestanding Metal Buildings
• Units Have Outside Storage
• Below Market Rates
• Historically High Occupancy
• Developing North Sub Market
Cresa Houston
5599 San Felipe, Suite 500
Houston, TX 77056
713.402.5800 | www.cresa.com
Bauman Road Warehouses
E xe c u t i v e S u m m a r y 8 3 0 3 B a u m a n H o u s t o n , Te x a s
Bauman Road Warehouses
Houston, TX
Andrew Jewett
Cresa Houston
5599 San Felipe St., Suite 500
Houston, Texas 77056
713.491.6351
[email protected]
Even though obtained from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information herein, and it is subject to errors, omissions,
change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.
cresa.com