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U.S. LBM 609 W Gibson St 24,449 SF Industrial Building Jasper, TX 75951 $1,397,000 ($57.14/SF) 10.50% Cap Rate
Investment Highlights
- Rare Value-Add/ Owner-User/ Redevelopment Opportunity: This property offers a unique opportunity for an owner-user, investor, or developer.
- Investors can collect cash flow while pursuing a new tenant at current market rates of $6/SF, yielding a potential 10.5% Cap Rate.
- The property’s expansive yard configuration supports a wide range of outdoor-intensive uses.
- The current tenant, US LBM, has 8 years remaining on their lease but has vacated the site, providing immediate flexibility.
- Rare Low-Coverage Facility with Substantial Outdoor Storage: ±24,449 SF facility situated on ±9.89 total acres.
- The layout provides significant operational flexibility and scalability in a market where large, low-coverage sites are difficult to source.
Executive Summary
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Louis Murray, Brett Davis, Alexander Harrold in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Louis Murray, Brett Davis, Alexander Harrold in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Property Facts
| Price | $1,397,000 | Building Class | C |
| Price Per SF | $57.14 | Lot Size | 9.89 AC |
| Sale Type | Investment | Rentable Building Area | 24,449 SF |
| Cap Rate | 10.50% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1995 |
| Property Subtype | Distribution | Tenancy | Single |
| Price | $1,397,000 |
| Price Per SF | $57.14 |
| Sale Type | Investment |
| Cap Rate | 10.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 9.89 AC |
| Rentable Building Area | 24,449 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Tenancy | Single |
1 1
Property Taxes
| Parcel Number | 000008042600 | Improvements Assessment | $690,321 |
| Land Assessment | $291,971 | Total Assessment | $982,292 |
Property Taxes
Parcel Number
000008042600
Land Assessment
$291,971
Improvements Assessment
$690,321
Total Assessment
$982,292
Contacts
-
Louis Murray -
Brett Davis -
Alexander Harrold -
Matthews Real Estate Investment Services
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U.S. LBM | 609 W Gibson St
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