Industrial Warehouse/Office Investment 8.5% CAP RATE

Industrial for Sale
Catylist Listing ID: 30428643
Property Subtypes: Manufacturing, Warehouse/Distribution
Building Size (RSF): 13,566 SF
Gross Building Area: See Agent
Sale Price: $950,000
Unit Price: $70.03 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 5/16/2019

Overview / Comments

Industrial Warehouse/Office property located in North Clovis. Property is located North of East 21st Street and Prince Street just North of Airport Highway. The property was built in 1976 and consists of three spaces. Space 817 is an industrial warehouse with (3) grade level overhead doors, 20’ clear ceiling height, and a small fully fenced stackyard. The building contains a small office around 1,000+/- square feet with one (1) restroom, a HVAC system, and an alarm system. The warehouse area has two (2) large space heaters and one (1) additional restroom. Suite 807 is an office suite offering 1,130 SF of space currently leased to State Farm Insurance. Suite 811 is an office space offering 1,890 SF of space currently leased to Peak Foster Care.

Great Location
Concrete Block Construction
20’ Clear Ceiling Height
Fully Fenced Stackyard

Additional Details

Nearest MSA: Clovis
County: Curry
Tax ID/APN: 121201202006800

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,970 36,565 39,513
Median Age: 34.75 32.78 32.97
Households: 4,393 13,914 14,979

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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