Setpoint Portfolio 2 Industrial Properties in Multiple Locations
INVESTMENT HIGHLIGHTS
- Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
- Build-To-Suit Facility: This crane-served property was a build-to-suit for Setpoint in 2013
- Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 11 locations along the gulf coast m
- Hands-Off Investment: Landlord responsibilities limited solely to Roof and Structure
- Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a lon
- Excess Land/Expansion Potential and Outdoor Storage Yard:
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Freeport, Texas.
The Freeport facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±4.99 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Corpus Christi, Texas.
The Corpus Christi facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±3.53 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Freeport, Texas.
The Freeport facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±4.99 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Corpus Christi, Texas.
The Corpus Christi facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±3.53 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Freeport, Texas.
PROPERTY FACTS
| Cap Rate | 6.70% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 56,400 SF |
| Total Land Area | 8.65 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1257 Southern Minerals Rd, Corpus Christi, TX 78409 | Industrial | 28,200 SF | 2013 | $4,790,000 |
| 2024 Brazosport Blvd N, Richwood, TX 77531 | Industrial | 28,200 SF | 2013 | $4,640,000 |
1 of 1
