401 W Simonds Rd - Warehouse FOR SALE


Seagoville, TX 75159
$1,255,000 USD
817-881-2662
401 W Simonds Rd, Seagoville, TX for Sale
$1,255,000 USD
Warehouse - FOR SALE
1/46
null | 6.5% Cap Rate

401 W Simonds Rd
Seagoville, TX 75159


HIGHLIGHTS

  • Stabilized Triple Net (NNN) Investment Generating $81,600 Annual NOI at a 6.5% In-Place Cap Rate
  • Long-Term (5)-Year Lease with 3% Annual Rental Escalations
  • Current Tenant Operates a Towing, Vehicle Storage, Repossession, Fleet Management & Dispatch Business
  • Prime Location Less Than One Minute from Highway 175 with Excellent Access to the DFW Metroplex
  • Industrial Outdoor Storage featuring 1.984 acres of fully fenced and secure industrial-zoned land.
  • High-Demand Low-Vacancy Industrial Outdoor Storage (IOS) Asset Class with Limited Supply Throughout DFW

OVERVIEW

Khalil Real Estate is pleased to present an exceptional investment opportunity to acquire a fully leased industrial outdoor storage (IOS) and office property located in Seagoville, Texas. Offered at $1,255,000, the Property provides investors with stable in-place cash flow, generating approximately $6,800 per month ($81,600 annually) in net operating income, representing an attractive 6.5% capitalization rate. Situated on approximately 1.984 acres (86,423 SF) with 105 feet of frontage and over 823 feet of depth, this fully fenced and secure industrially zoned property is strategically positioned less than one minute from Highway 175, providing excellent access to the Dallas-Fort Worth Metroplex. Industrial Outdoor Storage (IOS) assets continue to experience strong investor demand due to their limited supply, increasing land values, and broad tenant appeal. The Property is improved with three separate buildings totaling approximately 5,180 square feet, including a fully renovated ±3,720-square-foot office building, a ±610-square-foot auxiliary building with a full kitchen, bathroom, and living quarters, and an ±850-square-foot two-bay mechanic workshop. The improvements are separately metered, providing operational flexibility and enhancing the long-term functionality of the asset. The current tenant utilizes the Property for towing, vehicle storage, dispatch operations, and fleet management, highlighting the versatility of the site for a variety of industrial users. The Property's industrial zoning, expansive outdoor storage area, and functional improvements position it well for continued occupancy by towing companies, contractors, fleet operators, equipment rental businesses, utility contractors, and other industrial outdoor storage users. With industrially zoned land becoming increasingly scarce throughout the Dallas-Fort Worth market, this offering provides investors the opportunity to acquire a stabilized, income-producing asset backed by a desirable IOS use, a strategic location, and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,255,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stabilized Triple Net (NNN) Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Dealership, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

Industrial

APN/PARCEL ID

50045550010010000

ASK ABOUT THIS PROPERTY

Karam KhalilKhalil Real EstateMore Info
817-881-2662

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Karam KhalilKhalil Real EstateMore Info
817-881-2662

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