234 W Avenue L - Manufacturing FOR SALE


San Angelo, TX 76903
$5,950,000 USD
325-374-1105
234 W Avenue L, San Angelo, TX for Sale
$5,950,000 USD
Manufacturing - FOR SALE
1/12
null | 7.54% Cap Rate

234 W Avenue L
San Angelo, TX 76903


HIGHLIGHTS

  • Lots of Natural Light
  • Tilt Wall Construction
  • Long Term Tenant

OVERVIEW

This prime industrial investment opportunity in San Angelo, TX, features a 114,991 SF single-tenant warehouse situated on 13 acres with a long-term NNN lease in place. The lease extends through January 31, 2031, with two renewal options, providing stable rental income and annual increases. This will produce an 8.2% average cap rate over the lease term, the advertised CAP rate of 7.53% is based on Feb 2026 NOI. Landlord is responsible for roof and structure. Recently, the property underwent over $1.2 million in capital improvements, including a new TPO roof, LED lighting throughout, fresh interior and exterior paint, and upgraded flooring, ensuring a modern and well-maintained facility. Additionally, the property includes 4± acres of excess land (not part of the lease), offering valuable potential for future expansion or development. This high-quality industrial asset presents a secure and attractive opportunity for investors seeking long-term stability.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

Lighting - Mercury, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

22 Ft

DOCKS

15

DRIVE INS

1

PARKING SPACES

23

LAND DETAILS

LAND ACRES

13.2

LAND SF

574,992

ZONING

ML

APN/PARCEL ID

38-00349-0017-000-00

ASK ABOUT THIS PROPERTY

Brandon SandersSteve Eustis Co. RealtorsMore Info
325-374-1105

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Brandon SandersSteve Eustis Co. RealtorsMore Info
325-374-1105

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