109 Kodak Blvd - Industrial FOR SALE
Longview, TX 75602 |
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.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Global Vessel & Tank - 2 Unit Sale Leaseback
PROPERTY TYPE
Industrial
ADD'L SUBTYPES
Manufacturing, Service
TOTAL BUILDING SIZE
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STORIES
1
YEAR BUILT
2016
UTILITIES
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CLEAR CEILING HT
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DOCKS
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DRIVE INS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
105535
