2024 Brazosport Blvd N - Warehouse FOR SALE


Richwood, TX 77531
$4,640,000 USD
713-830-2191
2024 Brazosport Blvd N, Richwood, TX for Sale
$4,640,000 USD
Warehouse - FOR SALE
1/10
null | 6.69% Cap Rate

2024 Brazosport Blvd N
Richwood, TX 77531


HIGHLIGHTS

  • Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
  • Passive Ownership: Landlord responsibilities limited solely to Roof and Structure
  • Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a lon
  • Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 11 locations
  • Excess Land/Expansion Potential: The property features excess land of 2.27 acres allowing for future expansion or additional stabilized yard
  • Dow Chemical: Dow’s Chemical facility in Freeport is the largest facility of it’s class in the western hemisphere and Setpoint’s largest market client

OVERVIEW

Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Freeport, Texas. The Freeport facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±4.99 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Corpus Christi, Texas.

FOR SALE DETAILS

PRICE

$4,640,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Setpoint I Freeport

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

57

LAND DETAILS

LAND ACRES

5.12

LAND SF

222,947

ZONING

-

APN/PARCEL ID

7255-0016-000

ASK ABOUT THIS PROPERTY

Todd MooreColliersMore Info
713-830-2191

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Todd MooreColliersMore Info
713-830-2191

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