609 W Gibson St - Distribution FOR SALE
Jasper, TX 75951 |
$1,397,000 USD
310-844-9368
609 W Gibson St
Jasper, TX 75951
HIGHLIGHTS
- Rare Value-Add/ Owner-User/ Redevelopment Opportunity: This property offers a unique opportunity for an owner-user, investor, or developer.
- The current tenant, US LBM, has 8 years remaining on their lease but has vacated the site, providing immediate flexibility.
- Investors can collect cash flow while pursuing a new tenant at current market rates of $6/SF, yielding a potential 10.5% Cap Rate.
- Rare Low-Coverage Facility with Substantial Outdoor Storage: ±24,449 SF facility situated on ±9.89 total acres.
- The property’s expansive yard configuration supports a wide range of outdoor-intensive uses.
- The layout provides significant operational flexibility and scalability in a market where large, low-coverage sites are difficult to source.
OVERVIEW
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Louis Murray, Brett Davis, Alexander Harrold in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
FOR SALE DETAILS
PRICE
$1,397,000 USD
PRICE/SF
$57 USD /SF
CAP RATE
10.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
U.S. LBM
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9.89
LAND SF
430,808
ZONING
-
APN/PARCEL ID
000008042600
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310-844-9368
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310-844-9368
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