Log In/Sign Up
Your email has been sent.
949 Gateway Dr 47,701 SF Industrial Building San Angelo, TX 76905 $5,700,000 ($119.49/SF) 6.90% Cap Rate
Investment Highlights
- Fully NNN-leased, single-tenant industrial asset occupied by FedEx
- Corner positioning at Gateway Drive and FM 380 provides strong accessibility
- Prime location just off the intersection of North Loop 306 and US-277
- Located in San Angelo, Texas, a regional hub positioned northwest of San Antonio and Austin, and south of Midland/Odessa
Executive Summary
Capital Real Estate Commercial is pleased to present the opportunity to purchase a fully NNN, single tenant, industrial asset occupied by FedEx in San Angelo, Texas. FedEx has been at the property since 2016 and has just extended their lease another 5 years to 2031, showing a commitment to the subject property. FedEx has one more 5-year extension remaining from the original lease. The 8.99-acre property is located just off the intersection of North Loop 306 and US-277, on the corner of Gateway Drive and FM 380. San Angelo is located Northwest of both San Antonio and Austin, and south of Midland/Odessa.
Property Facts
| Price | $5,700,000 | Building Class | B |
| Price Per SF | $119.49 | Lot Size | 9.00 AC |
| Sale Type | Investment | Rentable Building Area | 47,701 SF |
| Cap Rate | 6.90% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2016 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | $5,700,000 |
| Price Per SF | $119.49 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 9.00 AC |
| Rentable Building Area | 47,701 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
1 1
Property Taxes
| Parcel Number | 13-24450-0001-000-00 | Improvements Assessment | $0 |
| Land Assessment | $838,540 | Total Assessment | $838,540 |
Property Taxes
Parcel Number
13-24450-0001-000-00
Land Assessment
$838,540
Improvements Assessment
$0
Total Assessment
$838,540
Contacts
-
Troup Rolland -
Carson Deer -
Matt Cooper -
Blake Deer -
Capital Real Estate Commercial, Inc.
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
949 Gateway Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.