1000 Blasingame Rd | Hempstead, TX 77445
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- LoopNet Team
1000 Blasingame Rd
Hempstead, TX 77445
Logan Industries HQ · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- The Property offers investors the unique opportunity to maximize leverage by assuming in-place debt at a 3.30% interest rate.
- The NNN lease features 8 years of remaining term, zero landlord responsibilities, and a corporate guaranty from Pressure Thermal Dynamics BV.
- The Property sits on an ample 12.6-acre site, providing long term upside and expansion opportunities for the tenant and landlord.
- Logan Industries is a world leader in the manufacturing and repair of large and custom hydraulic equipment systems for a range of industries.
- With rare annual rent increases tied to CPI, Logan offers investors a long-term passive investment with escalating cash flow.
- In 2020, Logan completed a new 50,000 SF expansion, and extended their lease term by an additional 10 years, reinforcing their commitment to the site.
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built/Renovated | 2009/2020 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 12.64 AC | Parking Ratio | 0.73/1,000 SF |
| Rentable Building Area | 157,882 SF |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 12.64 AC |
| Rentable Building Area | 157,882 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2020 |
| Tenancy | Single |
| Parking Ratio | 0.73/1,000 SF |
AMENITIES
- Fenced Lot
- Monument Signage
PROPERTY TAXES
| Parcel Number | 198311 | Improvements Assessment | $14,115,430 |
| Land Assessment | $434,570 | Total Assessment | $14,550,000 |
PROPERTY TAXES
Parcel Number
198311
Land Assessment
$434,570
Improvements Assessment
$14,115,430
Total Assessment
$14,550,000
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