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Industrial Outdoor Storage 6355 Highway 347 21,540 SF 14% Leased Office Building Beaumont, TX 77705 $1,900,000 ($88.21/SF) 8.22% Cap Rate
Investment Highlights
- National Tenant – The property is partially leased to DXP Enterprises (NASDAQ: DXPE), a well-established industrial distribution company with over 170
- Functional Industrial Facility – The ±21,540 SF building features metal and masonry construction, 14’–20’ clear heights, and both dock-high (2) and gr
- Strategic Location within the Houston MSA – Located in Beaumont, TX, the site benefits from proximity to I-10 and the Port of Beaumont, a key Gulf Coa
- Regional Operator Tenant – Axis Industries, a strong Texas-based operator with multiple locations across the region, recently executed a 3-year lease
- Low Site Coverage with Expansion Potential – Situated on ±3.65 acres, the property maintains a low 13.55% coverage ratio, giving tenants valuable flex
Executive Summary
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
CDI Engineering Solutions believes extraordinary outcomes are the result of exceptional people. Their mission is to provide the highest quality, highest value and safest architecture and engineering, procurement, and construction management (EPCM) services. They develop long-term relationships with their clients by delivering comprehensive, innovative solutions that respond directly to their specific needs while engaging with the utmost integrity, transparency and professionalism.
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- Wholesaler
- -
- -
- Triple Net
- Aug 2011
DXP Enterprises began in 1908 as Southern Engine and Pump Company, later becoming Sepco Industries in 1979 and adopting the DXP Enterprises name in 1996. The company serves industrial customers with rotating equipment, bearings and power transmission, metalworking, industrial supplies, and related service and repair offerings. DXP also provides pumping solutions, supply chain services, and maintenance, repair, operating, and production support across a broad mix of industrial end markets. The company has pursued continued acquisition activity and ongoing business expansion in industrial distribution and services.
- Enhance Wellness
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
|
Wholesaler | - | - | Triple Net | Aug 2011 | |
| Enhance Wellness | Health Care and Social Assistance | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 6355
- 18,540 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 6355 | 18,540 SF | Office/Retail | - | Now |
1st Fl-Ste 6355
| Size |
| 18,540 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
Presented by
Industrial Outdoor Storage | 6355 Highway 347
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