359 Pike Ct, La Porte, TX 77571 – Distr/Transit/Warehouse/Truck Terminal

Warehouse and StorageYear Built 2008Total Assessed Value $73,910,000County Harris

Property Details

The Warehouse and Storage property 359 Pike Ct, La Porte, TX 77571 is located in Harris County. The specific property type is Distr/Transit/Warehouse/Truck Terminal. The total assessed value of this property is $73,910,000.

The gross building area is 711,094 square feet and the land area is 1,545,034 square feet for this Distr/Transit/Warehouse/Truck Terminal built in 2008.

Legal description: Res G1 Underwood Business Park

$73,910,000

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 359 Pike Ct, La Porte, TX 77571, Warehouse and Storage

1 / 3

Property Information

Property TypeWarehouse and Storage

Sub Property TypeDistr/Transit/Warehouse/Truck Terminal

Building Area711,094

Land Size1,545,034

Land Value$4,045,490

Improved Value$69,864,510

Total Assessed Value$73,910,000

Year Built2008

County NameHarris

Account Number1296360000010

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningNone

HeatingNone

Type ConstructionSteel

No of Stories1

Garage TypeYes 100

Exterior WallsConcrete block

Sales History

12/18/2024

Arms-length$210,805,000

Buyer

Sp Independence Park Owner 2 Lp

Seller

Sreit Underwood Industrial Park Llc

Book Number

2024.472417

Recording Date

12/18/2024

Transaction Details

Sp Independence Park Owner 2 Lp acquired the property from Sreit Underwood Industrial Park Llc through a Arms-length transaction on 12/18/2024 for $210,805,000.

11/6/2007

Arms-lengthNot Disclosed

Buyer

Albert W Clay Iii

Seller

Clay Cmbs 1 Lp

Book Number

Recording Date

11/6/2007

Transaction Details

Albert W Clay Iii acquired the property from Clay Cmbs 1 Lp through a Arms-length transaction on 11/6/2007 for .

Property constructed in 2008

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

2/16/2017

Sale$80,465,000

Borrower

Lender

Book Number

Recording Date

2/16/2017

Transaction Details

borrowed the property from through a transaction on 2/16/2017 for $80,465,000.

Property constructed in 2008

Loading Mortgage History...

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	$4,045,490	$71,065,567	$75,111,057	$75,111,057	Sp Independence Park...	55 Hudson Yards 550 ...	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2025	$4,045,490	$69,864,510	$73,910,000	$73,910,000	Sp Independence Park...	55 Hudson Yards 550 ...	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2024	$4,045,490	$60,225,114	$64,270,604	$64,270,604	Sreit Underwood Indu...	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2023	$4,045,490	$53,989,007	$58,034,497	$58,034,497	Sreit Underwood Indu...	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	ENOCH BRINSON ABS 5	1,545,034	711,094
2022	$4,045,490	$50,552,977	$54,598,467	$54,598,467	Sreit Underwood Indu...	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	ENOCH BRINSON ABS 5	1,545,034	711,094
2021	$4,045,490	$51,321,985	$55,367,475	$55,367,475	Sreit Underwood Indu...	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	ENOCH BRINSON ABS 5	1,545,034	711,094
2020	$4,045,490	$42,530,723	$46,576,213	$46,576,213	Hrus Underwood Llc	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2019	$4,045,490	$41,435,740	$45,481,230	$45,481,230	Hrus Underwood Llc	609 Main St Ste 2400	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2018	$4,045,490	$39,976,785	$44,022,275	$44,022,275	Hrus Underwood Llc	811 Main St Ste 4100	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094
2017	$4,045,490	$32,353,723	$36,399,213	$36,399,213	Hrus Underwood Llc	811 Main St Ste 4100	Res G1 Underwood Bus...	5980.27	-	1,545,034	711,094

Showentries

Showing 1 to 10 of 18 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
359 Pike Ct, La Porte, TX 77571	1296360000010	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Sreit Underwood Industrial Park Llc	Harris	-	$ 210,805,000	2024-12-18	$ 296.45	2008	711,094	-
359 Old Underwood Rd, La Porte, TX 77571	1296360000012	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Sreit Underwood Industrial Park Llc	Harris	0.4	$ 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	3.7	$ 51,072,000	2024-07-25	$ 138.09	2017	369,855	-
8230 Stedman St 100, Houston, TX 77029	1409330010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Npov Houston Industrial Llc	Harris	12.6	$ 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	19.1	$ 59,850,000	2025-02-11	$ 91.86	2023	651,551	-
4915 Underwood Rd, Pasadena, TX 77507	1005150001000	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bayport North Owner Lp	Harris	3.8	$ 51,072,000	2024-07-25	$ 237.30	2018	215,220	-
5610 Bingle Rd, Houston, TX 77092	1461740010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Ch Dof I Ulr I Houston Ud290 Lp	Harris	26.8	$ 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	26.7	$ 35,910,000	2023-12-05	$ 58.46	2018	614,256	-
22533 Nw Lake Dr, Houston, TX 77095	1351770010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Carson Swib Industrial Lp	Harris	38.4	$ 48,756,470	2024-06-28	$ 211.71	2017	230,301	-
13393 Main, Houston, TX 77085	1334270010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bgoglp South Main Owner Lp	Harris	24.4	$ 45,294,860	2023-11-02	$ 84.69	2023	534,800	-
17654 Ben E Keith Way, San Antonio, TX 78266	452193	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Exeter 17654 Ben E Keith Lp	Comal	194.9	$ 36,650,000	2024-10-17	$ 119.29	2022	307,240	-

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	359 Pike Ct, La Porte, TX 77571	—	-	1,545,034	2008	711,094	$ 73,910,000	$ 4,045,490	-
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
Ares Cre Lender Ii Llc	10591 Red Bluff Rd, Pasadena, TX 77507	08/07/2025	$ 250,000	1,809,744	2019	642,432	$ 70,961,625	$ 9,435,114	P9 Bayport South Lp
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
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
Hfb Mosley Ltd	8220 Mosley Rd, Houston, TX 77075	06/27/2025	$ 425,000	209,959	1967	75,000	-	-	Furniture Bank
M & T Bank	4811 Underwood Rd, Pasadena, TX 77507	06/26/2025	$ 15,500,000	478,363	2020	177,350	$ 19,484,614	$ 1,782,772	4811 Underwood Llc
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
Rankin Midtown Lp	6654 Gulf Fwy, Houston, TX 77087	05/15/2025	$ 2,800,000	105,542	1965	49,700	-	-	N & S Madera Way Llc
Sw Guaranty Mtg Corporation	8803 Highway 225 Hwy, La Porte, TX 77571	05/13/2025	$ 500,000	48,212	2007	4,000	$ 622,399	$ 216,954	Tank Service Inc

Mean$ 86,330,705

Median$ 10,235,000.0

Loan Amount Range$ 150,000 - $ 1,000,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Showentries

Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
359 PIKE CT STE 400, LA PORTE, TX 77571-7605	PGS	2814700512	LOGISTICS

Showing 1 to 1 of 1 entries

Tenant Industry Distribution

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...