18240 Eastex Fwy, Humble, TX 77338 – Distr/Transit/Warehouse/Truck Terminal

Warehouse and StorageYear Built 2019Total Assessed Value $77,032,106County Harris

Property Details

The Warehouse and Storage property 18240 Eastex Fwy, Humble, TX 77338 is located in Harris County. The specific property type is Distr/Transit/Warehouse/Truck Terminal. The total assessed value of this property is $77,032,106.

The gross building area is 685,400 square feet and the land area is 1,691,086 square feet for this Distr/Transit/Warehouse/Truck Terminal built in 2019.

Legal description: Res E Blk 1 Air 59 Commerce Center R/P & Extn

$77,032,106

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 18240 Eastex Fwy, Humble, TX 77338, Warehouse and Storage

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Property Information

Property TypeWarehouse and Storage

Sub Property TypeDistr/Transit/Warehouse/Truck Terminal

Building Area685,400

Land Size1,691,086

Land Value$8,455,430

Improved Value$68,576,676

Total Assessed Value$77,032,106

Year Built2019

County NameHarris

Account Number1374510010005

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionSteel

Exterior WallsConcrete block

Sales History

6/30/2022

In-house$150,556,000

Buyer

Mpld Air 59 Llc

Seller

Mpld Air 59 Llc

Book Number

2022.356047

Recording Date

6/30/2022

Transaction Details

Mpld Air 59 Llc acquired the property from Mpld Air 59 Llc through a In-house transaction on 6/30/2022 for $150,556,000.

9/5/2018

Arms-lengthNot Disclosed

Buyer

Mpld Air 59 Llc

Seller

Air 59 Commerce Center Ltd

Book Number

2018.416379

Recording Date

9/5/2018

Transaction Details

Mpld Air 59 Llc acquired the property from Air 59 Commerce Center Ltd through a Arms-length transaction on 9/5/2018 for .

Property constructed in 2019

YSale Price (USD) byXSales Year

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Mortgage History

6/30/2022

New construction residential transactions$113,200,000

Borrower

Mpld Air 59 Llc

Lender

Voya Investment Management Llc

Book Number

RP-2022-356048

Recording Date

6/30/2022

Transaction Details

Mpld Air 59 Llc borrowed the property from Voya Investment Management Llc through a New construction residential transactions transaction on 6/30/2022 for $113,200,000.

Property constructed in 2019

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$8,455,430	$66,456,523	$74,911,953	$74,911,953	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2025	$8,455,430	$68,576,676	$77,032,106	$77,032,106	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2024	$8,455,430	$57,144,204	$65,599,634	$65,599,634	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2023	$5,496,030	$52,003,970	$57,500,000	$57,500,000	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2022	$5,496,030	$47,503,970	$53,000,000	$53,000,000	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2021	$5,496,030	$42,003,970	$47,500,000	$47,500,000	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2020	$5,496,030	$34,403,970	$39,900,000	$39,900,000	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	685,400
2019	$3,804,944	-	$3,804,944	$3,804,944	Mpld Air 59 Llc	9830 Colonnade Blvd ...	Res E Blk 1 Air 59 C...	9606.08	-	1,691,086	-
2018	$3,804,847	-	$3,804,847	$3,804,847	Archway Wc 59 Humble...	13430 Northwest Fwy ...	Res E Blk 1 Air 59 C...	9606.01	-	1,691,043	-

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
18240 Eastex Fwy, Humble, TX 77338	1374510010005	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Mpld Air 59 Llc	Harris	-	$ 150,556,000	2022-06-30	$ 219.66	2019	685,400	-
8230 Stedman St 100, Houston, TX 77029	1409330010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Npov Houston Industrial Llc	Harris	16.3	$ 87,500,000	2025-02-19	$ 62.83	2019	1,392,720	100
2304 Reed Rd, Houston, TX 77045	1453360010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Reed Road Logistics Llc	Harris	24.2	$ 59,850,000	2025-02-11	$ 91.86	2023	651,551	-
359 Old Underwood Rd, La Porte, TX 77571	1296360000012	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Sreit Underwood Industrial Park Llc	Harris	23.1	$ 210,805,000	2024-12-18	$ 234.23	2007	900,000	-
4925 Underwood Rd, Pasadena, TX 77507	1005150000957	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bayport North Owner Lp	Harris	26.5	$ 51,072,000	2024-07-25	$ 138.09	2017	369,855	-
4915 Underwood Rd, Pasadena, TX 77507	1005150001000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bayport North Owner Lp	Harris	26.6	$ 51,072,000	2024-07-25	$ 237.30	2018	215,220	-
22533 Nw Lake Dr, Houston, TX 77095	1351770010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Carson Swib Industrial Lp	Harris	23.2	$ 48,756,470	2024-06-28	$ 211.71	2017	230,301	-
5610 Bingle Rd, Houston, TX 77092	1461740010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Ch Dof I Ulr I Houston Ud290 Lp	Harris	16.1	$ 30,590,000	2024-09-12	$ 140.51	2022	217,700	-
10433 Ella Blvd, Houston, TX 77038	1399130010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Tsp Pinto Business Park Llc	Harris	10.4	$ 35,910,000	2023-12-05	$ 58.46	2018	614,256	-
13393 Main, Houston, TX 77085	1334270010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bgoglp South Main Owner Lp	Harris	27.0	$ 45,294,860	2023-11-02	$ 84.69	2023	534,800	-
901 Distribution Dr, Wilmer, TX 75172	540151500B03R0000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Usicvi 901 Distribution Drive Inc	Dallas	200.5	$ 25,536,000	2024-09-03	$ 76.27	2022	334,800	1

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	18240 Eastex Fwy, Humble, TX 77338	—	-	1,691,086	2019	685,400	$ 77,032,106	$ 8,455,430	-
New York Life Insurance Co	9990 E Fwy, Houston, TX 77029	09/05/2025	$ 10,470,000	382,548	1970	179,536	$ 11,696,797	$ 1,147,644	-
Bank Of America Na	5800 Mesa Dr, Houston, TX 77078	08/28/2025	$ 540,000,000	3,915,211	1977	438,196	$ 25,567,976	$ 7,399,547	Lba Ncccompany Xxxi Llc
Connecticut Genl Life Ins Co	13300 John F Kennedy Blvd, Houston, TX 77039	08/13/2025	$ 1,000,000	1,272,915	2019	523,480	$ 51,389,188	$ 7,637,490	Crp Iv Kennedy Greens Tx Llc
New York Life Insurance Co	9990 E Fwy, Houston, TX 77029	08/01/2025	$ 27,685,000	382,548	1970	179,536	$ 11,696,797	$ 1,147,644	8786 Wallisville Road Owner Ll
Jpmorgan Chase Bank Na	400 Century Plaza Dr, Houston, TX 77073	07/23/2025	$ 31,000,000	432,106	2014	149,760	$ 17,173,850	$ 2,003,030
Morgan Stanley Mtg Cap Holding	8790 Wallisville Rd, Houston, TX 77029	07/09/2025	$ 1,000,000,000	291,199	1972	166,047	$ 7,538,526	$ 727,998	Gki Industrial Houston Llc
Zions Bancorporation Na	15490 Vickery Dr, Houston, TX 77032	06/18/2025	$ 6,600,000	348,480	1994	66,000	$ 8,136,442	$ 1,742,400	Circuit Tree Holdings Llc
Southwestern National Bank	500 N Sam Houston Pky W, Houston, TX 77067	06/06/2025	$ 13,200,000	468,574	2023	141,900	$ 16,688,754	$ 3,748,592	Seojin Global Inc
Regions Bank	8705 Citypark Loop, Houston, TX 77013	06/03/2025	$ 10,000,000	307,559	1980	191,567	$ 12,452,487	$ 1,537,795	Activa Citypark Loop Llc
Barclays Bank Plc	1215 Rankin Rd, Houston, TX 77073	04/21/2025	$ 250,000,000	583,225	2022	239,270	$ 24,445,550	$ 2,916,125	Fairway North Owner Llc

Mean$ 87,073,664

Median$ 11,735,000.0

Loan Amount Range$ 1,000,000 - $ 1,000,000,000

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License Details

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