NNN INVESTMENT OPPORTUNITY

Industrial for Sale
Catylist Listing ID: 30761151
Property Subtypes: Light Industrial
Building Size (RSF): 23,696 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $2,995,000
Unit Price: $126.39 PSF
Docks/Doors: 10 Doors
Office SF: 3,696 SF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Key Energy
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

NNN industrial facility in the heart of East Texas Oilfield with long-term energy
tenant (NYSE: KEGX) located in Kilgore, Texas. This 23,696 SF building is located
on a 10-acre lot and is comprised of 3,696 SF of office space that includes: 7
offices, a conference room, kitchenette, and 2 restrooms. In addition, the
facility has ample shop space which includes the following: 20,000 SF under
roof + covered OHD canopy area, a 5-ton crane, 10-ton crane, dispatch office,
mid-shop office, and shop break room.

(10) 14'x16' OH Doors
(6) 3'x4'x3' sumps plumbed to external trap
140' W x 20' Covered awning on rear
18'x8' Storage Closet
Welding area with 8' concrete block walls
440 Volt/ 3-Phase electrical service
Fenced yard area w/ electrical access gate
18,000 sq ft concrete parking area

Additional Details

Nearest MSA: Longview
County: Gregg
Tax ID/APN: 1160111
Property Located Between: Property sits right off Highway 31 and State Highway 135 N in north Kilgore.
Highway Access: Highway 31 and State Highway 135 N
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2008
Construction/Siding: Metal Siding
Parking Description: 18,000 sq ft concrete parking area
Overhead Cranes: 2
Volts: 440
X-Phase: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,503 13,514 22,906
Median Age: 28.37 34.1 35.46
Households: 488 4,815 8,310

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
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