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398 Meeks Bnd 27,725 SF Industrial Building Millsap, TX 76066 $2,898,000 ($104.53/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 Phase Electric
- 10 Acres
- Loading Doc
EXECUTIVE SUMMARY
SALE WITH TENANT IN PLACE, BUILD TO SUIT OR PURCHASE VACANT LAND. 27,725 Sq. Ft. warehouse building on 10 acres with tenant in place utilizing the building and 3 acres of land currently. 8% Cap Rate with escalation lease in place. Property has 3 phase electricity, multiple loading docks, and office area. Property is in a secluded location within close proximity to the Brazos River with easy access via Interstate 20. 3 YEAR LEASE IN PLACE WITH 4% ESCALATION PER YEAR UNITL NOVEMBER 2027. CURRENT LEASE RATE IS 16,172 PER MONTH.
PROPERTY FACTS
UTILITIES
- Lighting
- Gas - Natural
- Water - Well
- Sewer - Septic Field
- Heating - Electric
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Oil States
- Mining, Quarrying, and Oil and Gas Extraction
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Oil States | Mining, Quarrying, and Oil and Gas Extraction | - | - | Triple Net | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,405,770 | |
| Land Assessment | $58,030 | Total Assessment | $1,463,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$58,030
Improvements Assessment
$1,405,770
Total Assessment
$1,463,800
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
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398 Meeks Bnd
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