7400-7450 FM 2449 - Warehouse FOR SALE


Ponder, TX 76259
$7,995,000 USD
940-381-2220
7400-7450 FM 2449, Ponder, TX for Sale
$7,995,000 USD
Warehouse - FOR SALE
1/2
null | 7% Cap Rate

NEW


7400-7450 FM 2449
Ponder, TX 76259


OVERVIEW

The Hicks Business Park offers an opportunity for both Owner Users and Investors alike. Existing cash flow on five leased buildings, totaling 33,830 SF, offer immediate revenue to an Owner User or Investor. Owner Users can occupy up to 23,104 of the leasable SF across two vacant buildings. There is additional value add potential for investors by leasing vacant buildings on NNN leases and converting existing gross leases to NNN as they roll. Adjacent vacant land could potentially offer paths to future development.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hicks Business Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.1

LAND SF

483,516

ZONING

-

APN/PARCEL ID

R582538

ASK ABOUT THIS PROPERTY

Greg JohnsonSVN VERUS CommercialMore Info
940-381-2220

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Greg JohnsonSVN VERUS CommercialMore Info
940-381-2220

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