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Smurfit Westrock 2811 Robert Cargill Dr 108,000 SF Industrial Building Longview, TX 75602 $9,350,000 ($86.57/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Located one mile north of I-20
- East Texas Regional Airport is 5.5 miles south
EXECUTIVE SUMMARY
Value-Add Opportunity Offered Well Below Replacement Cost – Smurfit Westrock has a lease ending February 2027 at $5.20/SF, well below the market average of $6.00/SF, with no renewal options, providing immediate income and future upside potential. The property is also priced below replacement cost, as constructing a comparable PEMB with a concrete slab typically costs over $120/SF when newly developed. Investors can obtain a high-quality asset at a fraction of new-build pricing, with room for rent growth and strong long-term returns.
In Demand Facility in a Dense Industrial Corridor with Additional Land for Development – 24’ Clear Height, standalone building totaling over 100,000 SF of warehouse space with 14 Docks, LED Lighting, and 8,000 SF of office. Located just 1.2 miles from U.S. Highway 259 and 2.5 miles from the I-20, the property offers immediate access to major East Texas transportation routes. Surrounded by complimentary and competing tenants including Tractor Supply Co., Fleetpride Service Center, HOLT CAT, Eastman Chemical,
and HATCO. At over 19 acres, the site allows and investor future room for expansion, or additional development at the site.
In Demand Facility in a Dense Industrial Corridor with Additional Land for Development – 24’ Clear Height, standalone building totaling over 100,000 SF of warehouse space with 14 Docks, LED Lighting, and 8,000 SF of office. Located just 1.2 miles from U.S. Highway 259 and 2.5 miles from the I-20, the property offers immediate access to major East Texas transportation routes. Surrounded by complimentary and competing tenants including Tractor Supply Co., Fleetpride Service Center, HOLT CAT, Eastman Chemical,
and HATCO. At over 19 acres, the site allows and investor future room for expansion, or additional development at the site.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $9,350,000 | Lot Size | 19.18 AC |
| Price Per SF | $86.57 | Rentable Building Area | 108,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.01% | Year Built | 2014 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | B | No. Dock-High Doors/Loading | 14 |
| Price | $9,350,000 |
| Price Per SF | $86.57 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 19.18 AC |
| Rentable Building Area | 108,000 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 14 |
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PROPERTY TAXES
| Parcel Number | R000072324 | Improvements Assessment | $0 |
| Land Assessment | $230,590 | Total Assessment | $230,590 |
PROPERTY TAXES
Parcel Number
R000072324
Land Assessment
$230,590
Improvements Assessment
$0
Total Assessment
$230,590
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Smurfit Westrock | 2811 Robert Cargill Dr
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