Multi-Tenant Industrial Property

Industrial for Sale
Sale Pending
Catylist Listing ID: 30646030
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 12,000 SF
Gross Land Area: 2.57 Acres
Sale Price: $225,000
Unit Price: $18.75 PSF
Drive In Bays: 6 Bays
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller, Owner Financing
Auction License Number: N/A
Cap Rate: 8.6%
Average Occupancy Rate: 100
Last Updated: 9/15/2020

Overview / Comments

Highly visible and well located multi-tenant industrial property located on Hwy 59 in Nacogdoches, Texas. Consistent tenant base with low management requirements.

Owner prefers to owner-finance the property, but would cash-out.

Call broker for full financial package.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,595 (Annual)
Tax Value Personal Property $0
Assessed Value - Total($) $150,000 (Annual)
Potential Rental Income $30,300 (Annual)
Gross Operating Income $30,300 (Annual)
Net Operating Income $19,404 (Annual)
Actual or Proforma Year Actual
Lender Name None

Additional Details

Nearest MSA: Nacogdoches
County: Nacogdoches
Taxing Authority: Nacogdoches County, Nacogdoches ISD, City of Nacogdoches
Tax ID/APN: 28806
Highway Access: Excellent frontage and visibility on Hwy 59 (Stallings Drive)
Site Description: Sloping with excellent visibility from Hwy 59 (Stalling Drive
Area Description: Mature area with a mixture of commercial, industrial and residential.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Property Condition: Average
Construction/Siding: Metal Siding
Exterior Description: PEMB construction with a hip metal roof.
Parking Type: Surface
Parking Description: Asphalt parking lot with ample parking space available
Overhead Cranes: Undisclosed
Sprinklers: None
Lot Depth: Varies
Water Service: Municipal
Sewer Type: Septic
Easements: Electric Lines
Land Ownership: Fee Simple
Legal Description: Lot 10 and 12 / PD Fore Estate / Tract 3 NCAD #18-211-5600-012000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,609 24,279 37,371
Median Age: 29.48 27.12 28.21
Households: 1,337 7,486 13,434

Contact

Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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