Listed by Marshall Peters & Associates
$499,000
Epperson Warehouse w/ Billboard Price improvement!
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 3,988
Net Rentable (SqFt) 3,988
Units 1
Lease Type NNN
Pro-Forma Cap Rate 14.03%
Pro-Forma NOI $70,000
Price per SqFt $125
Class C
Year Built 1959
Buildings 1
Stories 1
Acreage 0.910
Zoning C-6
Investment Type Owner/User
Ground Lease Yes
Ceiling Height 20
Prominent location on I-30 with passive billboard income
Marketing description
First time ever available! Epperson House Moving Building/Warehouse just adjacent to I-30 and highly visible from the Interstate. 4200 sf+/- on .91 acres+/- the property includes a billboard that is leased to Lamar advertising for $10,000 a year. It also includes several outbuildings and a large hoist. The lot of .16 acres across 13th street is included. There is also an additional lot available to the north of the property. Owner says bring offers!
Investment highlights
This fully fenced property has one out building, two covered parking areas and a railroad car on .72 acres with an additional .16 acres across the street
Listing Contacts
Listed by Marshall Peters & Associates
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