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Investment Highlights

  • Opportunity to own a partially leased, well-maintained industrial facility with 3 buildings divisible by 2 distinct firewalls for isolated operations.
  • Industrial facility also features loading docks, drive-in bays, and loading platforms.
  • Marshfield: a perfect hub for centralized distribution with easy access to surrounding major markets like Chicago, St. Louis, Texas, & the West Coast.
  • Features 18.6' to 16.5' clear heights sloping east to west, 12" reinforced concrete floors, and a private rail spur (switch gear needs replacing.)
  • Situated on roughly 12.03 acres with a potential 75 acres available and designated zoning for industrial use or cannabis cultivation/processing.
  • Boasts the lowest electricity costs in the US as part of the Webster Electric Cooperative and entitlement to capital credits.

Executive Summary

Freelander Industrial Park at 620-630 George Street, centrally located, offers an income-generating property with 60% of the structure leased, Building 3 with minor roof repair, strategically located of highway croosroads, Marshfield, Missouri.

The 180,180-square-foot property is divisible among three buildings, separated by two distinct firewalls, perfect for isolated operations. The facility features a clear ceiling height of 16.6- to 18.6-foot over 12-inch reinforced concrete floors. Freelander Industrial’s multiple loading docks, platforms, and two 25-foot wide drive-in bays offer ample ease of product facilitation.
The property is currently serviced with 2 Megawatts from the local utility. The building is currently serviced by two 4,000-amp, 3-phase, 600-volt power services. The Structure is fully dry, sprinklered, and alarmed. A rail spur runs directly off a primary rail line adjacent to the property with rail docks.

Situated on roughly 12.02 acres, this industrial facility has ample room to expand, with a potential 75 industrial park acres available. Investors will appreciate the low electrical costs as part of the Webster Electric Cooperative and entitlement to capital credits. Companies may be eligible for property tax abatement on newly improved property that is added to the local tax base and sales tax exemption for manufacturers. A variety of additional potential incentives and tax credits are available statewide and through Webster County.

Ideally located in Marshfield, Freelander Industrial Park is in the heart of an industrial corridor off Interstate 44. It offers easy access to surrounding significant markets such as Chicago, St. Louis, Texas, and the West Coast. Walmart's Corporate Headquarters in Bentonville is a two-hour drive from the facility, accessible from Interstate 44 and Highway 65. Over 13,128 residents live within a five-mile radius of the building, with a projected 1.1% yearly increase over the next five years. Well maintained, with incredible accessibility, Freelander Industrial Park is primed to offer an ideal industrial opportunity.

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Sale Flyer

Financial Summary (Pro Forma - 2025)

Annual Annual Per SF
Taxes $32,000 $0.18
Operating Expenses - -
Total Expenses $32,000 $0.18

Financial Summary (Pro Forma - 2025)

Taxes
Annual $32,000
Annual Per SF $0.18
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $32,000
Annual Per SF $0.18

Property Facts

Price $6,500,000
Price Per SF $36.08
Sale Type Investment or Owner User
Cap Rate 8.08%
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • FlexLight Distribution
Building Class C
Lot Size 12.03 AC
Rentable Building Area 180,180 SF
No. Stories 1
Year Built/Renovated 1972/2024
Parking Ratio 0.28/1,000 SF
Clear Ceiling Height 16’6”
No. Dock-High Doors/Loading 10
No. Drive In / Grade-Level Doors 2
Zoning Commercial/Industrial - Commercial/Industrial/Cannabis Grow and Processing

Amenities

  • 24 Hour Access
  • Bus Ducts
  • Courtyard
  • Floor Drains
  • Front Loading
  • Security System
  • Signage
  • Skylights

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Tyler Pipe and Coupling
  • Manufacturing
  • 107,400 SF
  • $4.00
  • Modified Gross
  • Dec 2023
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Tyler Pipe and Coupling Manufacturing 107,400 SF $4.00 Modified Gross Dec 2023
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Demographics

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
City
Population
Miles
Drive Time
Memphis
650,618
281
5 h 51 m
Nashville
669,053
414
7 h 58 m
Dallas
1,345,047
438
8 h 19 m
Indianapolis
867,125
438
8 h 15 m
Fort Worth
895,008
481
8 h 50 m
Chicago
2,705,994
483
8 h 59 m
Access and Labor Force
10 Miles
Total Population
21,952
Total Labor Force
10,459
Unemployment Rate
3.72%
Median Household Income
$74,105
Warehouse Employees
2,101
High School Education Or Higher
91.60%

Nearby Amenities

Restaurants

Golden China Buffet - - 12 min walk
Hunan Garden Restaurant Chinese $$ 12 min walk
Oriental Inn Asian $$ 14 min walk
Burger King - - 16 min walk
Wendy's - - 16 min walk

Retail

CrossFit Fitness 12 min walk
Security Finance Finance Company 12 min walk
Dollar General Dollar/Variety/Thrift 12 min walk
Arvest Bank Bank 13 min walk
PostalAnnex+ Business/Copy/Postal Services 14 min walk
U.S. Bank Bank 15 min walk
Central Bank Of Ozarks Bank 15 min walk
Price Cutter Supermarket 16 min walk

Property Taxes

Property Taxes

Parcel Number
11-2.0-09-000-000-002.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$618,080
Annual Taxes
$32,000 ($0.18/SF)
Tax Year
2025

Sale Advisor

Sale Advisor

Galen Pellham, Principal Broker
Galen Pellham, AIA, CCIM has been an architect since 1977, founding Pellham-Phillips-Hagerman Architects & Engineers. His Architectural/Engineering firm designed many of Springfield's and Branson's foremost projects and others in 23 states. PPH's architectural projects have given Pellham a creative approach of the real estate market. His architectural experience enables him to better visualize uses of properties. Pellham has developed numerous schematic site plans to achieve the "highest and best" use for a client.
In 1999 Pellham ventured from his architectural firm to join his wife, Marleen at CJR Commercial Group utilizing his architectural design expertise in the Real Estate arena. To expand his Real Estate knowledge, Galen obtained the CCIM designation. These seminars gave him in depth knowledge of Financial Analysis (measuring investment value performance); Market Analysis (supply and demand factors); User Decisions (timing of operating cash flows and its affect on value and rate of return and calculating the cost for leasing vs. owning); Investment Analysis (determining a client's investment strategy). This knowledge has enabled Galen to establish the value of a property and develop a financial analysis for Sellers and Buyers. With the combined knowledge and experience as an Architect and CCIM graduate, Galen quickly attained the title of Top Producer of Carol Jones Realtors' Residential and Commercial Realtors during his second year in real estate and continued to be among the Top Producers, through 2005. He recently formed Pellham Commercial Realtors to provide creative solutions to sellers, buyers and investors. As an Architect and Realtor, Pellham has always realized the necessity of aggressive marketing. Pellham Commercial Realtors is structured to generate maximum service for it's clients' with integrity to all parties.
  • Listing ID: 3789663

  • Date on Market: 2/19/2010

  • Last Updated:

  • Address: 630 George St, Marshfield, MO 65706

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