Still Meadow Industrial Park 18 Properties in Multiple Locations

Still Meadow Industrial Park (the “Property”) is a ±114,440-square-foot, multi-tenant smallbay industrial asset strategically located along I-35E in Lancaster, Texas, offering investors a compelling near-term value-add opportunity paired with attractive seller financing.
The Property is currently leased at average in-place rents of $5.45/SF (on NNN basis), approximately 45% below verified market comps of $10–$11/SF NNN. With a WALT of
less than 12 months, investors have the ability to quickly mark rents to market and drive meaningful NOI growth. This value-add business plan supports a projected 9.16% Year-5 pro forma cap rate and 18.76% cash-on-cash return with the proposed seller financing.
Still Meadow is offered at an attractive basis of $117.97/SF, well below replacement cost, and is further enhanced by favorable seller financing at 80% LTV, 5.0% interest, a 10-year term, and 3 years of interest-only payments which significantly improves cash flow and overall returns.
The Property benefits from excellent visibility and access with frontage along I-35E, which sees over 98,500 vehicles per day. The surrounding small-bay industrial submarket
remains highly constrained, with 1.6% flex vacancy and no new supply expected through 2030, positioning the asset for continued rent growth.
Constructed between 1973 and 2013, the Property features a functional small-bay layout with an average suite size of ±4,976 SF, 36 grade-level and 3 dock-high doors, 14’–18’
clear heights, and a concrete parking lot. The 10% office / 90% warehouse finish-out supports a wide range of service-oriented and light industrial tenants.
Additionally, the Property is located within a strong and growing demographic corridor, with average household incomes exceeding $98,000 and median home values above
$281,000 within a three-mile radius.
Overall, Still Meadow Industrial Park offers investors the ability to acquire a well-located asset at a below replacement cost basis with immediate mark-to-market upside,
supported by strong submarket fundamentals and seller financing that enhances nearterm cash flow and overall returns.