6229 & 6365 US Highway 59 S - Warehouse FOR SALE


Marshall, TX 75672
$3,850,000 USD
214-432-7930
6229 & 6365 US Highway 59 S, Marshall, TX for Sale
$3,850,000 USD
Warehouse - FOR SALE
1/36
null | 8.3% Cap Rate

6229 & 6365 US Highway 59 S
Marshall, TX 75672


HIGHLIGHTS

  • Dual-Tenant High-Yield Investment
  • 5 Years Remaining
  • 8.30% Cap Rate | $319,710.00 NOI
  • Multi Building Industrial Property | 31,360 SF on 19.05 Acres
  • 3-Phase Power, Fenced with 2 Access Gates, Outside City Limits

OVERVIEW

The offering at 6229 & 6365 Hwy 59 presents a rare opportunity to acquire a mission-critical industrial asset leased to two established energy and environmental service providers on long-term, triple-net leases. The property encompasses 31,360 SF of improvements on 19.024 acres, strategically located along Highway 59 with excellent regional access for heavy equipment, pipeline logistics, and environmental transportation operations. Although operated as one integrated facility, the property benefits from two separate addresses and demised premises, creating natural diversification within a single investment. Tenancy consists of Baywater Pipeline at 6229 Hwy 59 (9,560 SF on 4.12 acres) and Louisiana Environmental Transportation (LET) at 6365 Hwy 59 (21,800 SF on 14.9 acres). Both companies are well-established operators serving the Gulf Coast energy sector with specialized infrastructure requirements that are difficult to replicate. Their commitment is evidenced by new lease terms extending to September 2028 and January 2031, respectively, each structured on a NNN basis with 3% annual rent escalations, providing predictable income growth and an inflation hedge. Current in-place income totals $319,710 NOI, producing an attractive 8.30% cap rate on the $3,850,000 purchase price with embedded upside as escalations take effect. The improvements include four primary buildings with extensive office and shop areas, two covered wash bays, a 10-ton crane, and a fully fenced, stabilized yard capable of heavy laydown and truck circulation—features that are highly functional for the existing tenants and valuable for future users. The combination of durable industrial infrastructure, creditworthy tenancy tied to essential energy and environmental services, long weighted average lease term, and contractual rent growth positions this asset as a stable, cash-flowing investment with strong residual value and limited management responsibility.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dual-Tenant High-Yield Investment Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

9

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.02

LAND SF

828,511

ZONING

ETJ

APN/PARCEL ID

R000039099,R000051265

ASK ABOUT THIS PROPERTY

Layton LowryNRG Realty Group, LLCMore Info
214-432-7930

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

Layton LowryNRG Realty Group, LLCMore Info
214-432-7930

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