10400 W Interstate 20 - Manufacturing FOR SALE


Millsap, TX 76066
$16,492,000 USD
480-221-4221
10400 W Interstate 20, Millsap, TX for Sale
$16,492,000 USD
Manufacturing - FOR SALE
1/7
null | 7% Cap Rate

10400 W Interstate 20
Millsap, TX 76066


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 20 | Proximity to Fort Worth
  • Strong Demographics In the Immediate Trade Area

OVERVIEW

• GEODynamics corporate signed lease • GEODynamics is a subsidiary of Oil States International, Inc (NYSE: OIS), which has a market cap of over $300 million • 5+ years of term remaining with 4 (5-year) or 2 (10-Year) options to extend • The office lease features 1.50% annual increases throughout the initial term and option periods • The warehouse lease has 1.00% annual increases throughout the initial term and option periods • GeoDynamics owns or leases an additional 275+ acres adjacent to the property (not for sale) for outdoor ballistics testing - showing strong utility and the mission critical nature of the subject property

FOR SALE DETAILS

PRICE

$16,492,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GEODynamics | Corp Abs NNN | Annual Incrs

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

R&D, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

15.38

LAND SF

669,953

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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