Capital
Commercial Development (CCD) purchased 5810 Windfern Road located
in West Houston, Texas. 5810 Windfern is located just
west of Hempstead Highway and Campbell Road intersection and south
of US Highway 290 in the Katy Freeway sub-market of Houston.
Features:
- Tiltwall
construction
- 3
Phase Power
- Dock
high & grade level loading
- 14'
clear height
Overview
The Windfern industrial warehouse is an attractive,
12,200 SF tilt-wall buiding of which 800 SF is office space.
The building was built in 1984 and is located on 1.8 acres site.
The building occupies half of the existing tract of land which leaves
0.8577 acres of land undeveloped. CCD estimates an additional
8,000 SF of space can be built on the site.
Market
rates for this area are approximately $0.445 per square foot. Estimated
tenant income would be $5,429 per month or $65,148 annually for the
existing building. The existing building may require a tenant
improvement allowance of $10,000. An additional 8,000 SF building
situated on the vacant lot would add an additional $42,720 of annual
revenue. Insurance coverage and taxes are estimated at $0.06
PSF, $732 per month or $8,784 annually for the existing building.
