South Belt Business Park - SOLD
13301 Fondren Rd., Houston Texas 77085
South Belt Business Park is located at 13301 Fondren Rd., near Beltway 8 in Houston, TX.
The warehouse is 60,000 sq. ft. of building (forty 1,500 sq. ft. spaces) on 4.47 acres of land.
The project has been neglected and mismanaged for several years. Occupancy is 35%. This property would be ideal for a knowledgeable investor who can clean it up and lease it up for a great upside gain in income.
The property is not being sold on the cash flow as that is deficient the price is $40.00
per square foot ($2,400,000.00).
Current rent roll shows $131,952.00 per year income at 35% occupancy.
Main St/US Hwy 90 Alt: 78,924 VPD | Fondren Rd: 17,708 VPD
Sam Houston Tollway/Beltway 8: 81,300 VPD (TXDOT 2017)
Avg. HH Income