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2592 Shell Rd
Georgetown, TX 78628
Unit 2 · Industrial Property For Sale
·
7,500 SF
Investment Highlights
- Value-Add Industrial with Under-Market Outdoor Rents
- No Zoning Requirements and Outdoor Storage
- Fully Insulated Warehouse with New RSF with Added Mezzanine
- 100% Occupied Good Credit Tenant
Executive Summary
This property features a fully insulated warehouse with four grade-level doors, a mezzanine that includes an on-site apartment that is an addition to the RSF, and a climate-controlled office space. Situated on approximately one acre with outdoor storage, it is well-suited for industrial or service-oriented users. Located in the Georgetown ETJ, it carries no zoning restrictions and is part of the Shell Road Business Center condominium.
Property Facts
1 Unit Available
Unit 2
| Unit Size | 7,500 SF | Cap Rate | 6.26% |
| Condo Use | Industrial | NOI | $146,069.77 CAD |
| Sale Type | Investment |
| Unit Size | 7,500 SF |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| NOI | $146,069.77 CAD |
Description
Fully insulated warehouse with four grade-level doors
Mezzanine featuring on-site apartment and climate-controlled office
Flexible use for industrial or service-oriented tenants
Includes building plus shared outdoor storage and parking
Sale Notes
100% occupancy with good credit tenant
Condominium sale within Shell Road Business Center
±1 acre with additional outdoor storage
Located in Georgetown ETJ with no zoning restrictions
-Acquire at a 6.26% CAP with immediate upside to a 7.61% pro forma CAP—no capital expenditures. See attached Pro Forma for details.
