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12308 RENDON RD Burleson TX 76028-3774

[Locked] • APN 40498301

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Details
Property Type Industrial
Sub Type Warehouse
Building SqFt 36,348
Lot SqFt 327,571
Acreage ******
Year Built 2023
Building Count 4
Opportunity Zone No
Lease Rate ******
Lease Type ******
Tax Year ******
Tax Land ******
Tax Additions ******
Days on Market ******
Owner Name JUNGBLUTH PROPERTIES LLC
Owner Mailing Address (Full Address) ******

Property History

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Property Type
Property Type
Industrial
Property Subtype
Warehouse
Marketing Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 12308 Rendon Road in Burleson, Texas. The subject property consists of approximately 48,000 square feet of shallow-bay industrial space and is situated on 7.52 acres of land. The three-building asset includes two existing 18,000-square-foot structures developed in 2024 and a 12,000-square-foot facility under construction, expected to be completed in 2026. The existing properties feature 17 units, a clear height of ranging from 20’ to 24’, 39 grade-level doors, metal construction and roofing, and three-phase heavy power. A building coverage ratio of 15 percent allows for ample industrial outdoor space. Located 18 miles southwest of Downtown Fort Worth, the property has proximity to Interstate 35 West via East Rendon Crowley Road. At 75 percent occupancy with an average rent of $12.91 per square foot, the existing properties generate an 8.0 percent cap rate. With modified gross and gross leases in place, this sale offers investors a value-add opportunity to transition the short-term tenants to triple-net terms.

Investment Highlights

• Multi-Tenant 48,000-Square-Foot Shallow-Bay Industrial Asset Situated on 7.52 Acres

• Two 18,000-Square-Foot Buildings Built in 2024, One 12,000-Square-Foot Facility Completed in 2026

• Featuring 17 Existing Units, 20’-24’ Clear Heights, 39 Grade Doors, and Ample IOS

• Opportunity for Investor to Purchase and Cash Flow with Upside on Converting Leases to NNN

• Outperforming Submarket with 4.2% Rent Growth vs. 1.5% National Average

• Seller to Execute One-Year Sale-Leaseback on Any Vacant Unit

Property Type
Property Type
Industrial
Property Subtype
Flex, Manufacturing, Warehouse
Asking Details
Asking Price
$6,600,000
Asking Cap Rate
7.23%
Asking NOI
$477,500
Price/Unit
$6,600,000
Marketing Description

Leased to 100% occupancy.​ Contact Jaime 972-217-6199 for Pro Forma and lease details

New building with lots of upgrades.​ This site is perfect for auto industry, heavy equipment, construction, outdoor storage yard, landscape, etc.​

ETJ (county, no zoning)

This site has infrastructure to accommodate multiple buildings (see site plan attached).​

Building size is 60’ x 300’ (18,000sf) and fully sprinklered.​ 8” water main supplying plenty of water for future buildings.​

Electrical is three phase, 400 amp, 240 volt service.​ Enough power to provide electricity to all future buildings.​

20’ ceilings with 24’ center peak

No deed restrictions

6” thick and steal reinforced concrete slab foundation

Pre-engineered steel framing.​ 16’ tall x 14’ wide grade level overhead doors.​

Fully 2” spray-foam insulated.​

Suite 110 contains approximately 1500 sf interior finish out with two offices, a bathroom, kitchen and reception area.​

Suite 100 contains approximately 1000 sf interior office finish out with two offices, a bathroom, a reception area and coffee bar/sink area.​

Site improvements include a gravel paved parking area, building mounted exterior lighting, wrought iron fencing with an electric gate.​

Stabilized yard on additional 1 acre for tenant outdoor storage use.​

Investment Highlights

This site has engineered plans for 6 buildings. Future growth opportunity

Building one is 18,000sf and is complete now and fully leased.

Pad site for building 2 is prepped and ready to build. This price includes Building 1 and entire parcel of 7.24ac.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listed for sale on
 BY:
AJ
Aaron Jungbluth
•••.•••.8713
••••••••••luth@•••••.com
Listing removed on
 BY:
AA
Adam Abushagur PRO
•••.•••.5223
••••.•••••agur@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
CC
Cole Collins
•••.•••.5154
••••.•••lins@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
DC
Davis Cagle
•••.•••.5230
•••••.•agle@•••••••••••••••.com
Brokerage logo

Map

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