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Hicks Business Park 7400-7450 FM 2449 56,934 SF 79% Leased Industrial Building Ponder, TX 76259 $7,995,000 ($140.43/SF) 7% Cap Rate
Executive Summary
The Hicks Business Park offers an opportunity for both Owner Users and
Investors alike. Existing cash flow on four leased buildings, totaling 27,915 SF,
offer immediate revenue to an Owner User or Investor. Owner Users can occupy
up to 51% of the leasable SF across three vacant buildings. There is additional
value add potential for investors by leasing vacant buildings on NNN leases and
converting existing gross leases to NNN as the roll. Adjacent vacant land could
potentially offer paths to future development.
Investors alike. Existing cash flow on four leased buildings, totaling 27,915 SF,
offer immediate revenue to an Owner User or Investor. Owner Users can occupy
up to 51% of the leasable SF across three vacant buildings. There is additional
value add potential for investors by leasing vacant buildings on NNN leases and
converting existing gross leases to NNN as the roll. Adjacent vacant land could
potentially offer paths to future development.
Property Facts
| Price | $7,995,000 | Building Class | B |
| Price Per SF | $140.43 | Lot Size | 11.10 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 56,934 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2009 |
| Property Subtype | Warehouse |
| Price | $7,995,000 |
| Price Per SF | $140.43 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 11.10 AC |
| Rentable Building Area | 56,934 SF |
| No. Stories | 1 |
| Year Built | 2009 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
Two-stories of office finish (±12,189 SF) with ±5,000 SF attached warehouse.
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 7420 Building 1 | 5,915 SF | Industrial | Full Build-Out | Now |
| 1st Fl - Building 1 | 17,189 SF | Flex | Full Build-Out | 30 Days |
| 1st Fl - Building 7 | 5,915 SF | Industrial | Full Build-Out | Now |
1st Fl - 7420 Building 1
| Size |
| 5,915 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - Building 1
| Size |
| 17,189 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building 7
| Size |
| 5,915 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 7420 Building 1
| Size | 5,915 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
1st Fl - Building 1
| Size | 17,189 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 30 Days |
Two-stories of office finish (±12,189 SF) with ±5,000 SF attached warehouse.
1st Fl - Building 7
| Size | 5,915 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
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Property Taxes
| Parcel Number | R582538 | Improvements Assessment | $3,316,702 |
| Land Assessment | $483,298 | Total Assessment | $3,800,000 |
Property Taxes
Parcel Number
R582538
Land Assessment
$483,298
Improvements Assessment
$3,316,702
Total Assessment
$3,800,000
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Hicks Business Park | 7400-7450 FM 2449
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