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301 E Scott Ave 10,272 SF Industrial Building Wichita Falls, TX 76301 $550,000 ($53.54/SF) 6.50% Cap Rate

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Investment Highlights

Well loacted

Executive Summary

The current Tenant is operating an Antique Consignment store and has a 4-year lease. The Tenant is paying $3,000 Per Month Plus NNNs with annual rent bumps of $100.00 per month starting around March 2025. Sale is Based on a 6.5% CAP Rate
Property recently got a new roof.

Property Facts

Price	$550,000	Rentable Building Area	10,272 SF
Price Per SF	$53.54	No. Stories	1
Sale Type	Investment	Year Built/Renovated	1945/1985
Cap Rate	6.50%	Tenancy	Single
Property Type	Industrial	Parking Ratio	1.85/1,000 SF
Property Subtype	Warehouse Industrial Distribution	Clear Ceiling Height	14’
Building Class	B	No. Dock-High Doors/Loading	3
Lot Size	0.81 AC	No. Drive In / Grade-Level Doors	5
Zoning	light industrial

Price	$550,000
Price Per SF	$53.54
Sale Type	Investment
Cap Rate	6.50%
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution
Building Class	B
Lot Size	0.81 AC
Rentable Building Area	10,272 SF
No. Stories	1
Year Built/Renovated	1945/1985
Tenancy	Single
Parking Ratio	1.85/1,000 SF
Clear Ceiling Height	14’
No. Dock-High Doors/Loading	3
No. Drive In / Grade-Level Doors	5
Zoning	light industrial

Air Conditioning

Lighting
Water
Sewer
Heating

1 1

Property Taxes

Parcel Number	142748	Improvements Assessment	$267,574
Land Assessment	$19,426	Total Assessment	$287,000

Property Taxes

Parcel Number

142748

Land Assessment

$19,426

Improvements Assessment

$267,574

Total Assessment

$287,000

(214) 334-4347

Contact

Phillip Gunn
PB Gunn Interests, LLC

Listing ID: 27670345
Date on Market: 2/3/2023
Last Updated:
Address: 301 E Scott Ave, Wichita Falls, TX 76301

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