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1039 N Loop 12 Blvd 10,000 SF Flex Building Irving, TX 75061 $2,950,000 ($295/SF) 4.74% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Tenant currently in place.
  • Property sits on 1.6 acres with outdoor storage.
  • Value is in the land and location.

EXECUTIVE SUMMARY

Property sits on 1.6 acres with outdoor storage. The value is based on the land and location. The building was remodeled about 4-5 years ago and are in good shape. A tenant is in place. The tenant has the first right of refusal on any accepted offer by owner. They also have 2 remaining options to renew thier lease in May of 2025 and May of 2027. The lease rate at time of renewal will be determined by the current market lease rate.

PROPERTY FACTS

Price $2,950,000
Price Per SF $295
Sale Type Investment or Owner User
Cap Rate 4.74%
Property Type Flex
Property Subtype Light Manufacturing
Building Class B
Lot Size 1.60 AC
Rentable Building Area 10,000 SF
No. Stories 1
Year Built 1958
Tenancy Single
Parking Ratio 1.5/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 3
Cross Streets Union Bower Rd
Zoning Ml-20a - Zoned light industrial. See Documents for ML-20a zoning use and verify zoning with the City of Irving.

AMENITIES

  • Fenced Lot

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • -
  • -
  • -
  • -

Big Tex Trailers is the largest and fastest growing professional grade open trailer manufacturer in North America. Dealers and consumers alike have trusted Big Tex for their trailer needs for over 30 years. No other manufacturer offers the value that Big Tex offers its customers. However, having a good product is only part of the equation. Providing exceptional customer service and creating genuine partnerships with dealers is the true secret to the success of Big Tex. Big Tex sells its family of leading trailer brands, including Big Tex Trailers, CM/S&H Trailers, Circle J and CM Truck Beds, through a diversified network of over 600 dealers nationwide. The Company maintains manufacturing and assembly facilities in Texas, Oklahoma, Georgia and Idaho. The Tex Trail division is a leading parts distributor.

  • Kaspar Property
  • Agriculture, Forestry, Fishing and Hunting
  • -
  • -
  • -
  • Ranch Hand Truckfitters
  • Wholesaler
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
- - - -
Kaspar Property Agriculture, Forestry, Fishing and Hunting - - -
Ranch Hand Truckfitters Wholesaler - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65087932010040000
Land Assessment
$278,960
Improvements Assessment
$280,400
Total Assessment
$559,360
  • Listing ID: 34702743

  • Date on Market: 2/3/2025

  • Last Updated:

  • Address: 1039 N Loop 12 Blvd, Irving, TX 75061

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