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28651604
28651605

2811 Robert Cargill Dr, Longview, TX 75602 For Sale

JD
TX TX 677506
CBRE Dallas
TS
TX 841468
Listed by CBRE Dallas
$9,350,000
241 days on market
Updated 73 days ago

Smurfit Westrock

Details
Property Type Industrial
Sub Type Distribution, Manufacturing
Square Footage 108,000
Cap Rate 6.01%
NOI $561,600
Tenancy Single
Price per SqFt $87
Year Built 2014
Acreage 19.180
Ceiling Height 24'
Dock High Doors 14

Industrial | 108,000 SqFt

Marketing description

Value-Add Opportunity Offered Well Below Replacement Cost – Smurfit Westrock has a lease ending February 2027 at $5.20/SF, well below the market average of $6.00/SF, with no renewal options, providing immediate income and future upside potential. The property is also priced below replacement cost, as constructing a comparable PEMB with a concrete slab typically costs over $120/SF when newly developed. Investors can obtain a high-quality asset at a fraction of new-build pricing, with room for rent growth and strong long-term returns.

In Demand Facility in a Dense Industrial Corridor with Additional Land for Development – 24’ Clear Height, standalone building totaling over 100,000 SF of warehouse space with 14 Docks, LED Lighting, and 8,000 SF of office. Located just 1.2 miles from U.S. Highway 259 and 2.5 miles from the I-20, the property offers immediate access to major East Texas transportation routes. Surrounded by complimentary and competing tenants including Tractor Supply Co., Fleetpride Service Center, HOLT CAT, Eastman Chemical, and HATCO. At over 19 acres, the site allows and investor future room for expansion, or additional development at the site.

Listing Contacts

JD
TX TX 677506
CBRE Dallas
TS
TX 841468
Listed by CBRE Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$561,600.00
$46,800.00/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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Additional Information

Name
Johnny Dunn
License
TX 677506
Name
Theo Stamolis
License
841468
Brokerage
CBRE
Brokerage Phone
214-979-6166
Title
Real Estate Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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