Overview

Description

Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase 10819 W Fairmont Parkway, located in La Porte, Texas. The ±8,400 SF industrial warehouse building was built in 1999 and is situated on ±.8453 acre and currently has 36 months of term remaining with one (1), three-year renewal option with Raba Kistner.

The site is located on West Fairmont Parkway, west of Bay Area Blvd, southeast of
Houston in La Porte, TX. The location provides easy access to Highway 146, Highway 225, Beltway 8 and in close proximity to the Port of Houston and Morgan’s Point, the inlet to the Houston Ship Channel.

Highlights

• Low Market Vacancy: 2.7% Industrial/Flex market vacancy with only 4 available lease options in the competing range (5,000-10,000 SF)
• Strong Location: located on a major thoroughfare, and just minutes from Port of Houston, Barbours Cut and Bayport Terminals
• High Barrier of Entry: Limited development opportunities and predominantly owner-user market creates a high barrier of entry
• High Demand Market: Port of Houston’s importance in global trade, coupled with the region’s industrial and logistics infrastructure has created high tenant demand to establish operations within the region

Documents

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