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Hicks Business Park 7400-7450 FM 2449 56,934 SF 59% Leased Industrial Building Ponder, TX 76259 $10,842,019 CAD ($190.43 CAD/SF) 7% Cap Rate
Executive Summary
The Hicks Business Park offers an opportunity for both Owner Users and Investors alike. Existing cash flow on five leased buildings, totaling 33,830 SF, offer immediate revenue to an Owner User or Investor. Owner Users can occupy up to 23,104 of the leasable SF across two vacant buildings. There is additional value add potential for investors by leasing vacant buildings on NNN leases and converting existing gross leases to NNN as they roll. Adjacent vacant land could potentially offer paths to future development.
Property Facts
| Price | $10,842,019 CAD | Building Class | B |
| Price Per SF | $190.43 CAD | Lot Size | 11.10 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 56,934 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2009 |
| Property Subtype | Warehouse |
| Price | $10,842,019 CAD |
| Price Per SF | $190.43 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 11.10 AC |
| Rentable Building Area | 56,934 SF |
| No. Stories | 1 |
| Year Built | 2009 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
Two-stories of office finish (±12,189 SF) with ±5,000 SF attached warehouse.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 7420 Building 1 | 5,915 SF | Industrial | Full Build-Out | Now |
| 1st Fl - Building 1 | 17,189 SF | Flex | Full Build-Out | 30 Days |
1st Fl - 7420 Building 1
| Size |
| 5,915 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - Building 1
| Size |
| 17,189 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - 7420 Building 1
| Size | 5,915 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
5,915 SF warehouse with ±425 SF office (2 offices + restroom) and (2) grade-level overhead doors.
1st Fl - Building 1
| Size | 17,189 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 30 Days |
Two-stories of office finish (±12,189 SF) with ±5,000 SF attached warehouse.
1 1
Property Taxes
| Parcel Number | R582538 | Improvements Assessment | $4,524,380 CAD |
| Land Assessment | $659,276 CAD | Total Assessment | $5,183,656 CAD |
Property Taxes
Parcel Number
R582538
Land Assessment
$659,276 CAD
Improvements Assessment
$4,524,380 CAD
Total Assessment
$5,183,656 CAD
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Hicks Business Park | 7400-7450 FM 2449
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