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2592 Shell Rd - Unit 2 7,500 SF Industrial Condo Unit Offered at $1,690,000 in Georgetown, TX 78628
INVESTMENT HIGHLIGHTS
- Value-Add Industrial with Under-Market Outdoor Rents
- No Zoning Requirements and Outdoor Storage
- Fully Insulated Warehouse with New RSF with Added Mezzanine
- 100% Occupied Good Credit Tenant
EXECUTIVE SUMMARY
This property features a fully insulated warehouse with four grade-level doors, a mezzanine that includes an on-site apartment that is an addition to the RSF, and a climate-controlled office space. Situated on approximately one acre with outdoor storage, it is well-suited for industrial or service-oriented users. Located in the Georgetown ETJ, it carries no zoning restrictions and is part of the Shell Road Business Center condominium.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 2
| Unit Size | 7,500 SF | Condo Use | Industrial |
| Price | $1,690,000 | Sale Type | Investment |
| Price Per SF | $225.33 | Sale Conditions | 1031 Exchange |
| Unit Size | 7,500 SF |
| Price | $1,690,000 |
| Price Per SF | $225.33 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
Fully insulated warehouse with four grade-level doors
Mezzanine featuring on-site apartment and climate-controlled office
Flexible use for industrial or service-oriented tenants
Includes building plus shared outdoor storage and parking
SALE NOTES
100% occupancy with good credit tenant
Condominium sale within Shell Road Business Center
±1 acre with additional outdoor storage
Located in Georgetown ETJ with no zoning restrictions
-Acquire at a 6.26% CAP with immediate upside to a 7.61% pro forma CAP—no capital expenditures. See attached Pro Forma for details.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Viking Construction |
99,999 SF SF
|
Jan 0000
|
Presented by
2592 Shell Rd - Unit 2
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