3500 E Parkway - Warehouse FOR SALE


Groves, TX 77619
$750,000 USD
409-673-3513
3500 E Parkway, Groves, TX for Sale
$750,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

3500 E Parkway
Groves, TX 77619


HIGHLIGHTS

  • Hwy Frontage
  • Long Term Tenant
  • Building in good Condition

OVERVIEW

Investment property in good condition on Hwy 73 with long term Tenant in Baker Distribution Company. The Landlord is responsible for roof and structural maintenance as well as property insurance and remaining taxes after Tenant contributes $3,000. The Tenant is responsible for maintenance. Current lease includes annual 3% bumps in rent. Baker Distributing is a Watsco Business Unit. Watsco, Inc. is the largest distributor of Air Conditioning, Heating and Refrigeration equipment and related parts and supplies in the HVAC/R distribution industry.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3500 East Parkway

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.46

LAND SF

20,038

ZONING

C-2

APN/PARCEL ID

039250-000-000400-00000

ASK ABOUT THIS PROPERTY

Ryan HarringtonRE/MAX ONEMore Info
409-673-3513

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Ryan HarringtonRE/MAX ONEMore Info
409-673-3513

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