234 W Avenue L - Manufacturing FOR SALE


San Angelo, TX 76903
$6,185,700 USD
325-374-1105
234 W Avenue L, San Angelo, TX for Sale
$6,185,700 USD
Manufacturing - FOR SALE
1/12
null | 7.25% 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. 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

$6,185,700 USD

PRICE/SF

$54 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

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.