2811 Robert Cargill Dr - Industrial FOR SALE


Longview, TX 75602
$9,350,000 USD
214-252-1175
2811 Robert Cargill Dr, Longview, TX for Sale
$9,350,000 USD
Industrial - FOR SALE
1/4
null | 6.01% Cap Rate

2811 Robert Cargill Dr
Longview, TX 75602


HIGHLIGHTS

  • Located one mile north of I-20
  • East Texas Regional Airport is 5.5 miles south

OVERVIEW

Value-Add Opportunity Offered Well Below Replacement Cost – Smurfit Westrock has a lease ending February 2027 at $5.20/SF, well below the market average of $6.00/SF, with no renewal options, providing immediate income and future upside potential. The property is also priced below replacement cost, as constructing a comparable PEMB with a concrete slab typically costs over $120/SF when newly developed. Investors can obtain a high-quality asset at a fraction of new-build pricing, with room for rent growth and strong long-term returns. In Demand Facility in a Dense Industrial Corridor with Additional Land for Development – 24’ Clear Height, standalone building totaling over 100,000 SF of warehouse space with 14 Docks, LED Lighting, and 8,000 SF of office. Located just 1.2 miles from U.S. Highway 259 and 2.5 miles from the I-20, the property offers immediate access to major East Texas transportation routes. Surrounded by complimentary and competing tenants including Tractor Supply Co., Fleetpride Service Center, HOLT CAT, Eastman Chemical, and HATCO. At over 19 acres, the site allows and investor future room for expansion, or additional development at the site.

FOR SALE DETAILS

PRICE

$9,350,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smurfit Westrock

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

14

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.18

LAND SF

835,481

ZONING

-

APN/PARCEL ID

R000072324

ASK ABOUT THIS PROPERTY

Johnny DunnCBREMore Info
214-252-1175

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Johnny DunnCBREMore Info
214-252-1175

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