1949 Victoria St - Warehouse FOR SALE


Freeport, TX 77541
$2,057,000 USD
949-350-5431
1949 Victoria St, Freeport, TX for Sale
$2,057,000 USD
Warehouse - FOR SALE
1/5
null | 7% Cap Rate

1949 Victoria St
Freeport, TX 77541


HIGHLIGHTS

  • Palacios Marine & Industrial Is a Highly Respected Industrial Tenant, Generating $110+ Million in Annual Revenue and Operating 8 Locations in 3 States
  • 3-Year Lease with No Options to Renew – Allows for Value-Add Potential for Future Landlord to Negotiate New Lease with the Tenant
  • Large 2.3-Acre Lot Provides Ample Space for Highly Desirable Outdoor Storage

OVERVIEW

--Palacios Marine & Industrial Is a Highly Respected Industrial Tenant, Generating $110+ Million in Annual Revenue and Operating 8 Locations in 3 States --3-Year Lease with No Options to Renew – Allows for Value-Add Potential for Future Landlord to Negotiate New Lease with the Tenant --Large 2.3-Acre Lot Provides Ample Space for Highly Desirable Outdoor Storage -E-Commerce & Recession-Resilient: Tenant’s Business Model Is Well-Suited to Thrive in Various Economic Conditions -Located within 1-Mile from Dow Chemical Company: Operating the Largest Integrated Chemical Manufacturing Plant in the United States -Deepwater Port: Located on the Gulf of America Provides Access for Large-Scale Industrial Operations and Shipping -Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors -Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including Air Liquide America, Phillips 66, Braskem, Among Others, All In Close Proximity To The Subject Property Broker of Record: Tim Speck – License #9002994 – 5001 Spring Valley Road, Suite 1100W, Dallas, TX 75244

FOR SALE DETAILS

PRICE

$2,057,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

±2.3 AC Warehouse/IOS | Gulf Coast Location

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.3

LAND SF

100,188

ZONING

N/A

APN/PARCEL ID

2114-0026-000

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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