3200 E Interstate 20 - Distribution FOR SALE


Big Spring, TX 79720
$1,475,675 USD
407-406-3187
3200 E Interstate 20, Big Spring, TX for Sale
$1,475,675 USD
Distribution - FOR SALE
1/5
null | 7.32% Cap Rate

3200 E Interstate 20
Big Spring, TX 79720


HIGHLIGHTS

  • New Lease Recently Commenced | 5-Year Term and 4% Annual Rent Increases with MORSCO Supply LLC, a wholesale distributor of plumbing and HVAC supplies.
  • Long-Standing Site History | The property has operated as a plumbing distribution location since 1982. The current owner sold the business in 1999.
  • The tenant has occupied the site for 25 years and recently committed to a new lease, reinforcing their long-term presence.
  • Functional Industrial Site | 3.55-acre parcel with ample laydown yard | grade-level roll-up door & dock-high bays. Features separate employee parking.
  • Recent Capital Improvements | $169,240 Roof Replacement completed in 2017. The parking lot was patched, seal-coated, and striped | laydown yard repair

OVERVIEW

Preferred Real Estate Brokers is pleased to present an exclusive opportunity to purchase a Reece Plumbing Industrial Investment property located in Big Spring, TX. This is a single-tenant industrial investment property with outdoor storage, 100% leased to Reece Plumbing, a plumbing distribution company headquartered in Dallas, TX, with 261 locations across the Sunbelt. The property is functional and has been a plumbing supply location since 1982. The tenant recently executed a new lease at this site, and significant capital improvements have been made recently. Well-located along I-20 in the Permian Basin, this is an attractive industrial investment opportunity in the income tax-free state of Texas.

FOR SALE DETAILS

PRICE

$1,475,675 USD

PRICE/SF

$79 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.43

LAND SF

149,280

ZONING

-

APN/PARCEL ID

B43-60-000100

ASK ABOUT THIS PROPERTY

Mark WilliamsPreferred Real Estate BrokersMore Info
407-406-3187

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Mark WilliamsPreferred Real Estate BrokersMore Info
407-406-3187

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