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949 Gateway Dr 47,701 SF Industrial Building San Angelo, TX 76905 $7,802,103 CAD ($163.56 CAD/SF) 6.90% Cap Rate
Investment Highlights
- Fully NNN-leased, single-tenant industrial asset occupied by FedEx
- Corner positioning at Gateway Drive and FM 380 provides strong accessibility
- Prime location just off the intersection of North Loop 306 and US-277
- Located in San Angelo, Texas, a regional hub positioned northwest of San Antonio and Austin, and south of Midland/Odessa
Executive Summary
Capital Real Estate Commercial is pleased to present the opportunity to purchase a fully NNN, single tenant, industrial asset occupied by FedEx in San Angelo, Texas. FedEx has been at the property since 2016 and has just extended their lease another 5 years to 2031, showing a commitment to the subject property. FedEx has one more 5-year extension remaining from the original lease. The 8.99-acre property is located just off the intersection of North Loop 306 and US-277, on the corner of Gateway Drive and FM 380. San Angelo is located Northwest of both San Antonio and Austin, and south of Midland/Odessa.
Property Facts
| Price | $7,802,103 CAD | Building Class | B |
| Price Per SF | $163.56 CAD | Lot Size | 9.00 AC |
| Sale Type | Investment | Rentable Building Area | 47,701 SF |
| Cap Rate | 6.90% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2016 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | $7,802,103 CAD |
| Price Per SF | $163.56 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 9.00 AC |
| Rentable Building Area | 47,701 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
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Property Taxes
| Parcel Number | 13-24450-0001-000-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,148,481 CAD | Total Assessment | $1,148,481 CAD |
Property Taxes
Parcel Number
13-24450-0001-000-00
Land Assessment
$1,148,481 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,148,481 CAD
Contacts
-
Troup Rolland -
Carson Deer -
Matt Cooper -
Blake Deer -
Capital Real Estate Commercial, Inc.
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949 Gateway Dr
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