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NNN Leased Office & Industrial Complex 3 Properties Offered at $3,825,000 in Gainesville, TX
Investment Highlights
- (2) Tenants with Long History at Property
- Warehouses w/ (1) 5-Ton Crane, (1) 15-Ton Crane
- Fenced Outside Storage
- Over 25 Offices
- Industrial Park Setting
- Versatile Office Building with OH Doors
Executive Summary
Formation Real Estate is pleased to offer for sale this multi-tenant industrial and office property, fully NNN leased by (2) tenants, located in the Compress Industrial Park in Gainesville, TX.
The 15,120 SF freestanding office building is leased to a national oilfield supply company and includes warehouse doors in the rear, high-quality office finishes and divisible layout for future multiple suites.
The (2) service and manufacturing facilities comprising 29,920 SF on 4.43 acres are occupied by a major oilfield services company and feature cranes, fenced outside storage, heavy power and drive-in doors. The property features an existing rail spur currently unused, but may provide an opportunity for future rail service with proximity to the active BNSF rail network.
This versatile property is an ideal long-term investment, well suited to support manufacturing and office uses 1 hour north of the DFW metroplex. Showing by appointment only / do not disturb tenants.
The 15,120 SF freestanding office building is leased to a national oilfield supply company and includes warehouse doors in the rear, high-quality office finishes and divisible layout for future multiple suites.
The (2) service and manufacturing facilities comprising 29,920 SF on 4.43 acres are occupied by a major oilfield services company and feature cranes, fenced outside storage, heavy power and drive-in doors. The property features an existing rail spur currently unused, but may provide an opportunity for future rail service with proximity to the active BNSF rail network.
This versatile property is an ideal long-term investment, well suited to support manufacturing and office uses 1 hour north of the DFW metroplex. Showing by appointment only / do not disturb tenants.
Property Facts
| Price | $3,825,000 | Number of Properties | 3 |
| Price / SF | $84.92 / SF | Individually For Sale | 0 |
| Cap Rate | 8.87% | Total Building Size | 45,040 SF |
| Sale Type | Investment | Total Land Area | 5.83 AC |
| Status | Active |
| Price | $3,825,000 |
| Price / SF | $84.92 / SF |
| Cap Rate | 8.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 45,040 SF |
| Total Land Area | 5.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 109 E Foreline, Gainesville, TX 76240 | Industrial | 19,920 SF | 2005 | - |
| 900 Compress St, Gainesville, TX 76240 | Industrial | 10,000 SF | 2006 | - |
| 114 E Foreline St, Gainesville, TX 76240 | Office | 15,120 SF | 2006 | - |
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