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Bimbo Building 315 N Washington Ave 4,240 SF Industrial Building Cleveland, TX 77327 $733,252 CAD ($172.94 CAD/SF)
Investment Highlights
- Existing tenant since 1993, Corner Location, dual access, truck parking, 9 loading bays, office
Executive Summary
315 N Washington Avenue offers investors the opportunity to acquire a long-established industrial
warehouse with a proven operating history. Constructed in 1993, the property has served as a
distribution facility for over three decades and provides immediate rental income with future
owner-user flexibility.
Investment Highlights
• Long-term occupancy since 1993
• Established distribution facility
• Excellent highway visibility
• Corner commercial location
• Multiple overhead doors
• Current lease through March 31, 2027
• Extension option through March 31, 2030
• Future owner-user potential
• Hard-to-find small industrial investment
Property Specifications
Building 4,240 SF
Land 13,450 SF
Year Built 1993
9 Bays
Office Area
Parking Approx. 9,300 SF Asphalt + 1,032 SF Concrete
Current Rent $2,205 / Month
Annual Income $26,460
List Price $520,000
Price/SF $122.64
Lease Through 3/31/2027 + Option to 3/31/2030
Suitable for private investors, 1031 exchange buyers, and owner-users seeking a well-located
industrial asset with in-place income and future occupancy flexibility.
warehouse with a proven operating history. Constructed in 1993, the property has served as a
distribution facility for over three decades and provides immediate rental income with future
owner-user flexibility.
Investment Highlights
• Long-term occupancy since 1993
• Established distribution facility
• Excellent highway visibility
• Corner commercial location
• Multiple overhead doors
• Current lease through March 31, 2027
• Extension option through March 31, 2030
• Future owner-user potential
• Hard-to-find small industrial investment
Property Specifications
Building 4,240 SF
Land 13,450 SF
Year Built 1993
9 Bays
Office Area
Parking Approx. 9,300 SF Asphalt + 1,032 SF Concrete
Current Rent $2,205 / Month
Annual Income $26,460
List Price $520,000
Price/SF $122.64
Lease Through 3/31/2027 + Option to 3/31/2030
Suitable for private investors, 1031 exchange buyers, and owner-users seeking a well-located
industrial asset with in-place income and future occupancy flexibility.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$37,311
|
$8.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,311
|
$8.80
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $37,311 |
| Annual Per SF | $8.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $37,311 |
| Annual Per SF | $8.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Controlled Access
- Front Loading
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Breakroom
- Awning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bimbo Bakeries
- Accommodation and Food Services
- -
- -
- Industrial Gross
- Mar 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bimbo Bakeries | Accommodation and Food Services | - | - | Industrial Gross | Mar 2027 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 000354-000373-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,354 CAD | Total Assessment | $1,354 CAD |
Property Taxes
Parcel Number
000354-000373-000
Land Assessment
$1,354 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,354 CAD
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Bimbo Building | 315 N Washington Ave
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