10400 W Interstate 20 - Manufacturing FOR SALE


Millsap, TX 76066
$16,492,000 USD
480-221-4221
10400 W Interstate 20, Millsap, TX for Sale
$16,492,000 USD
Manufacturing - FOR SALE
1/5
null | 7% Cap Rate

10400 W Interstate 20
Millsap, TX 76066


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 20 | Mission Critical Location | Proximity to Fort Worth
  • Strong Demographics In the Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, GEODynamics investment property located in Millsap, Texas. GEODynamics is a subsidiary of Oil States International, Inc (NYSE: OIS), which has a market cap of over $300 million. The tenant, GEODynamics has over 5 years of term remaining with 4 (5-year) or 2 (10-year) options to extend, demonstrating their commitment to the site. The office lease features 1.5% annual rental increases and the warehouse lease has 1% annual increases throughout the initial term and both leases have FMV rental increases at the beginning each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$16,492,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GEO Dynamics

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

15.38

LAND SF

669,953

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.