Catylist ID: #30660633
3511 North Frankford
Industrial for Sale
|Catylist Listing ID:||30660633|
|Property Subtypes:||Flex Space, Light Industrial, Self Storage, Warehouse/Distribution|
|Building Size (RSF):||26,000 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$59.62 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Retail/Industrial Investment with stackyard on 4 acres with fully leased Industrial shops on the back 2 acres of the property. The property offers 26,000 total SF with (10) new industrial shops built in 2016. Shop sizes range from 2,000 - 2,500 SF each with 14' x 12' overhead insulated doors with a bathroom in each unit. Shops separately metered & equipped with 50 Amp electric with fiber optic capability.
The property has 3 septics, and 1 water well.
The property is situated on the West side of North Frankford and offers a 2,000 SF Retail shop and a 100 x 36 Quonset Hut which is currently occupied by the seller. The owner is retiring and selling property. Property has a billboard that produces an additional annual income of $1,000.
There are many investment possibilities, please see this full brochure with actual rent roll and proformas for the following investment potential.
Investment Option A: New owner can occupy front 2 acres with shop & Quonset Hut while collecting income from existing (10) fully leased Industrial shops. (see attached actual rent roll)
Investment Option B: A new owner can lease the front shops (previously occupied by the seller) for approximately $2,000 monthly & sell frontage for Commercial development. Can also add (5) additional shops on the rear portion of the property to increase rent roll. (see proforma B)
Investment Option C: A new owner can use front 2 acres to build a new set of (15) industrial shops increasing the income for the investment. (see proforma C)
Attachments & Media
|Proximity:||3 miles||5 miles|
David Powell, CCIMThe Powell Group at Keller Williams Commercial
West Texas CIE Member
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