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703 NW Mustang Dr 10,000 SF Industrial Building Andrews, TX 79714 $1,884,492 CAD ($188.45 CAD/SF) 10.29% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 10,000 sf total on a 2-acre lot (2,000 sf office/8,000 sf warehouse)
  • Phenomenal Tenant with recent lease renewal
  • Yard Lighting and Fuel Dock, plus (2) 500 lbJib Cranes
  • 3% Annual Rent Bumps to Jan. 1st, 2029
  • 6 Drive-In Bays w/14’ Electric Overhead Doors
  • Employee units on Site showing Strong Commitment

EXECUTIVE SUMMARY

Phenomenal MAJOR tenant who just renewed their lease. This property totals 10,000 SF on 2 Acres. There is 2,000 SF of office space including three private offices, a break room, conference room, and a waiting area with built in secretarial desk. The 8,000 SF warehouse has 6 drive-in bays, (2) 500-pound jib cranes, locker room, shop fans, and shop heaters. There are utility connections for (2) 7-room camp trailers with separate septic. The property also has laundry facilities and a fuel dock. The yard is compacted rock, fully fenced, and fully lit with pole lights. There are two electric gates on Mustang Dr and another at the rear of the property for access to Sunset St. This makes it convenient for trucks to drive through the property. The property is in a great location for any type of service.

PROPERTY FACTS

Price $1,884,492 CAD
Price Per SF $188.45 CAD
Sale Type Investment NNN
Cap Rate 10.29%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Service
Building Class B
Lot Size 2.00 AC
Rentable Building Area 10,000 SF
No. Stories 1
Year Built/Renovated 1965/2019
Tenancy Single
Clear Ceiling Height 15’
No. Drive In / Grade-Level Doors 8
Zoning Commercial - Commercial

AMENITIES

  • Fenced Lot

UTILITIES

  • Water - City
  • Sewer - City

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000000008527
Land Assessment
$28,182 CAD
Improvements Assessment
$423,209 CAD
Total Assessment
$451,391 CAD
  • Listing ID: 32507865

  • Date on Market: 2024-07-18

  • Last Updated:

  • Address: 703 NW Mustang Dr, Andrews, TX 79714

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