This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Message

934 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

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.

PROPERTY FACTS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7255-0016-000
Land Assessment
$659,590
Improvements Assessment
$1,533,250
Total Assessment
$2,192,840
  • Listing ID: 35057415

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 2024 Brazosport Blvd N, Richwood, TX 77531

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}