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Complex is 100% leased offering short term & longer term leases
Property is not being sold on a CAP RATE - however there is current income $347,000 / annual * leases have escalation clauses * and potential for additional income . Great opportunity for a company that needs industrial space and have income from other tenants on the property at same time.
Total Industrial facility - (4) buildings with office totaling 60,175 sf PLUS approximately +/- 2.76 acres of additional unimproved property for future expansion or resale.
• Easy access to the highly traveled Hwy 69 north/ south corridor
• Centrally located to travel to Beaumont (23 miles), Port Arthur (40 miles), Woodville (32 miles), Lufkin (80 miles)
• Fenced and gated property is approximately 7.5 acres.
• Buildings have varying square footage, eave and crest height and overhead cranes
• Building 2 and 3 (16,875 sf each) were built in 2018- ...
• Building 2 and 3 (16,875 sf each) were built in 2018- fully insulated with adjacent office space under same roof
• (2) Argon cylinder storage tanks on site and piped to various stations in buildings 2 and 3
• Buildings are surrounded by stabilized yard
• Multiple points of entry to the property
• Some buildings offer key pad lock entry system
• 1800 sf office located on the south end of the complex
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