
Setpoint I Freeport | 2024 Brazosport Blvd N
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Setpoint I Freeport 2024 Brazosport Blvd N 28,200 SF Industrial Building Richwood, TX 77531 $4,640,000 ($164.54/SF) 6.69% Cap Rate



INVESTMENT HIGHLIGHTS
- Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
- 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: The property features excess land of 2.27 acres allowing for future expansion or additional stabilized yard
- Passive Ownership: Landlord responsibilities limited solely to Roof and Structure
- Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 11 locations
- Dow Chemical: Dow’s Chemical facility in Freeport is the largest facility of it’s class in the western hemisphere and Setpoint’s largest market client
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 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.
PROPERTY FACTS
Price | $4,640,000 | Lot Size | 5.12 AC |
Price Per SF | $164.54 | Rentable Building Area | 28,200 SF |
Sale Type | Investment NNN | No. Stories | 1 |
Cap Rate | 6.69% | Year Built | 2013 |
Property Type | Industrial | Tenancy | Single |
Property Subtype | Warehouse | Parking Ratio | 2.02/1,000 SF |
Building Class | B | No. Drive In / Grade-Level Doors | 2 |
Zoning | 0014 |
Price | $4,640,000 |
Price Per SF | $164.54 |
Sale Type | Investment NNN |
Cap Rate | 6.69% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | B |
Lot Size | 5.12 AC |
Rentable Building Area | 28,200 SF |
No. Stories | 1 |
Year Built | 2013 |
Tenancy | Single |
Parking Ratio | 2.02/1,000 SF |
No. Drive In / Grade-Level Doors | 2 |
Zoning | 0014 |
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PROPERTY TAXES
Parcel Number | 7255-0016-000 | Improvements Assessment | $1,533,250 |
Land Assessment | $659,590 | Total Assessment | $2,192,840 |
PROPERTY TAXES
Parcel Number
7255-0016-000
Land Assessment
$659,590
Improvements Assessment
$1,533,250
Total Assessment
$2,192,840
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Setpoint I Freeport | 2024 Brazosport Blvd N
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