- For Sale Contact for pricing
- Property Type Industrial - Warehouse/Distribution
- Property Size 38,706 SF
- Lot Size 1.93 SF
- Date Updated Mar 24, 2025
Colliers is pleased to exclusively offer to qualified investors the opportunity to acquire 4901 Milwee, a Class B shallow-bay asset located in infill, Northwest Houston just 0.6 miles from U.S. 290.
The 38,706 SF, 2-building park is currently 91% leased and offers an investor the opportunity to invest in strong existing cash flow that offers a value-add opportunity with limited capital expenditures.
Investment Highlights:
• Infill Location: Asset’s infill location positions it in close proximity to population hubs and major thoroughfares like U.S. 290 and the 610 loop
• 3 Year Stabilization Window: 21 months of WALT
• Below Market Rents: In-place rents are 20% below market; see cash flow assumptions on page 11
• Limited CapEx Required: The asset has received a significant amount of capital improvements, including all deferred maintenance issues, and a majority of suites are fully renovated
• Existing Cash Flow: At 91% occupancy and a majority NNN leases, the asset offers stable cash flow with a mark-to-market lease up opportunity
• Strong Fundamentals: Shallow bay and small suite multi-tenant industrial assets seeing significant rent growth and occupancy with no competing assets under construction within the competitive trade area
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
59/100
Somewhat Walkable
-
Transit Score ®
39/100
Some Transit
-
Bike Score ®
56/100
Bikeable
- City Houston, TX
- Neighborhood Oak Forest - Garden Oaks
- Zip Code 77092
- Market Houston
Points of Interest
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Northline Transit Center/HCC
5.29 miles
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Melbourne/North Lindale
5.57 miles
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Lindale Park
5.69 miles
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Cavalcade
5.84 miles
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Moody Park
6.11 miles
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Quitman/Near Northside
6.58 miles
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Fulton/North Central
6.62 miles
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Theater District (eastbound)
7.10 miles
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Theater District (westbound)
7.15 miles
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UH-Downtown
7.34 miles
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Corner Food Mart
0.24 miles
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Blue Bell Express
0.28 miles
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Shell
0.42 miles
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Chevron
0.45 miles
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Swift
0.57 miles
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Mobil
0.69 miles
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Antoine Mini Mart
1.04 miles
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Blink
2.57 miles
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ChargePoint
4.98 miles
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Houston, TX - Northwest Freeway Supercharger
5.50 miles
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Northwest Transit Center Parking
2.68 miles
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West Sports Complex Parking Lot
3.51 miles
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East Sports Complex Parking Lot
3.64 miles
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Omni Houston Hotel Parking Garage
4.16 miles
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North Shepherd Park & Ride
4.80 miles
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Village Towers Parking Garage
4.84 miles
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Northline Transit Center Parking
5.27 miles
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Bayou Greenways Park Trailhead & Parking
5.46 miles
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Memorial City Mall Overflow Parking
5.52 miles
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Little Caesars
0.19 miles
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Wingstop
0.20 miles
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Sonic
0.21 miles
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Jimmy John's
0.23 miles
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Mojarra's Seafood
0.25 miles
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Taco Bell
0.25 miles
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Jason's Deli
0.27 miles
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Chipotle
0.27 miles
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Red Crab Juicy Seafood and Bar
0.28 miles
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Captain Benny's Seafood
0.31 miles
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El Rancho
0.14 miles
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dd's Discounts
0.24 miles
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Hair Lovers Salon
0.54 miles
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Ross
0.90 miles
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TJ Maxx
0.91 miles
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Burlington
0.93 miles
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Joe V's
1.49 miles
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Kroger
1.94 miles
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Walmart Supercenter
2.24 miles
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El Ahorro Supermarket
2.67 miles
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Medic Pharmacy
0.15 miles
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Walgreens
0.19 miles
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Clinica Familia Hispana
0.32 miles
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Pediatrix Primary + Urgent
0.99 miles
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Houston Fire Department Station 13
1.04 miles
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CVS Pharmacy
1.46 miles
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HISD Employee Health & Wellness Center
1.46 miles
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Physician Specialty Center
1.78 miles
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Airrosti
1.81 miles
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Houston Fire Department Station 50
1.85 miles
Frequently Asked Questions
The sale price for For Sale I Milwee Business Park is available upon request. Contact the listing broker for more information.
For Sale I Milwee Business Park totals 38,706 square feet.
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