LANDMARK BUSINESS PARK FOR SALE

Industrial for Sale
Catylist Listing ID: 30538654
Property Subtypes: Flex Space, Industrial-Business Park
Building Size (RSF): 58,183 SF
Gross Land Area: 8.82 Acres
Sale Price: $3,500,000
Unit Price: $60.16 PSF
Ceiling: 18 ft.
Docks/Doors: 16 Doors
Property Use Type: Investment
Building Name: Landmark Business Park
Sale Terms: Undisclosed
Cap Rate: 6.25%
Average Occupancy Rate: 95
Last Updated: 9/9/2020

Overview / Comments

High upside investment property! ~95%+ occupancy rate with pad sites ready for more tenants to increase cash flow. Major growth corridor for investment along 155 with stable cash flow and immediate ROI. Long term tenant base with ability to reduce expenses with lease structuring. Call today to get more information on the property. Check out the drone video below and come see your new investment property today.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $25,349 (Annual)
Potential Rental Income $244,125 (Annual)
Net Operating Income $207,017 (Annual)

Current Tenants

Tenant Business Name Eagle Steel Buildings
Is Renting? Yes
SF of Space Occupied 2,500 SF
Tenant Business Name KR Enterprise Flooriing
SF of Space Occupied 2,600 SF
Tenant Business Name Mobil Tech RV Service
SF of Space Occupied 1,250 SF
Tenant Business Name Nautical Investments
Tenant Business Name Green Arc Supply

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SMITH COUNTY
Tax ID/APN: 100000001827002004
Zoning: CLASS B
Highway Access: HWY 155 Frontage 420 ft
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Good
Year Built: 2015
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: front open parking and fenced parking
Total Parking Spaces: 10
Volts: 220
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Other
Zoning Description: Class B
Lot Frontage: 420
Lot Depth: 724
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ABST A0018 T QUEVADO TRACT 2.4 SEC27

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,524 24,488
Median Age: 42.07 39.88
Households: 2,160 9,494

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Tyler Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.