109 Kodak Blvd - Industrial FOR SALE
Longview, TX 75602 |
$9,010,000 USD
858-414-7849
109 Kodak Blvd
Longview, TX 75602
HIGHLIGHTS
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
- Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
- Newly Constructed Long-Term Lease - Tenant will commit to a brand new 15-20-year lease extension which will commence at the close of escrow.
- Hedged Credit Risk - Corporate Guarantee - The lease is corporately guaranteed by industry leader Global Vessel & Tank, Holdco, Inc. an ESOP Company.
- Longview, TX – Strong GDP Growth - #2 – Largest economy in East Texas as both Mining/Oil & Gas, and Manufacturing account for roughly 1/3 of $35B GDP.
OVERVIEW
Industrial NNN Investment | Longview, TX
New 15–20-year absolute NNN lease with 2–3% annual increases to Global Vessel & Tank, a corporately guaranteed ESOP manufacturer. The 43,340 SF facility on 9.23 acres is a mission-critical asset. Offered at an 8.00% cap with $720,852 NOI, this is a rare opportunity to secure a passive industrial investment backed by a high-performing tenant in a key East Texas market.
FOR SALE DETAILS
PRICE
$9,010,000 USD
PRICE/SF
$110 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Global Vessel & Tank - 2 Unit Sale Leaseback
PROPERTY TYPE
Industrial
ADD'L SUBTYPES
Manufacturing, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2012
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9.23
LAND SF
402,059
ZONING
-
APN/PARCEL ID
105535
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858-414-7849
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858-414-7849
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