4742 US Highway 59 S - Industrial FOR SALE


Cleveland, TX 77328
$4,581,818 USD
713-212-6517
4742 US Highway 59 S, Cleveland, TX for Sale
$4,581,818 USD
Industrial - FOR SALE
1/10
null | 8.25% Cap Rate

4742 US Highway 59 S
Cleveland, TX 77328


HIGHLIGHTS

  • Building Size: 4,900 SF situated on 9.00 Acre Site
  • Utilities: Power, well/septic
  • For Sale - 100% Leased
  • Direct access on US-59
  • +5.25 AC stabilized yard
  • Grade level building

OVERVIEW

Investment Sale - 100% Leased ±4,900 SF on 9.00 acres available Property: 5,000 SF bldg on 9.00 AC Tenant: The Aspen Utility Company, LLC (https://www.theaspencompany.com), subsidiary of by Quanta Services, Inc Start Date: May 1, 2025 Expiration: April 30, 2028 Lease Type: Triple Net Lease Structure Tenant paying for OPEX equal to $19,000/year Rate: $31,500/month ($3,500/ac/month) Increases: 4% Annually

FOR SALE DETAILS

PRICE

$4,581,818 USD

PRICE/SF

$916 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9

LAND SF

392,040

ZONING

-

APN/PARCEL ID

004460-000005-008,004460-000055-000

ASK ABOUT THIS PROPERTY

713-212-6517

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713-212-6517

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