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29602071
29602072

221 I-20, Weatherford, TX 76087

CC
TX TX: 783678
Marcus & Millichap - Dallas
DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$4,850,000
117 days on market
Updated 15 days ago

221 West Interstate 20

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 36,800
Net Rentable (SqFt) 36,800
Units 20
Cap Rate 6.98%
NOI $338,647
Occupancy 95%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 8.54%
Pro-Forma NOI $414,247
Price per SqFt $132
Class B
Year Built 1998
Buildings 3
Acreage 4.400
Zoning Industrial
Ceiling Height 16’-18’
Loading Docks 20

Industrial | 6.98% CAP | 36,800 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 221 West Interstate 20 in Weatherford, Texas. The subject property consists of approximately 36,800 square feet of shallow-bay industrial space and is situated on 4.4 acres of land. The three-building asset features metal construction, 20 individually metered units (each equipped with a grade-level door), and 16’ to 18’ clear heights. With a building coverage ratio of 19 percent, the property has ample space for industrial outdoor storage (IOS) or future development. Located along Interstate 20, the property sits 2.8 miles south of Downtown Weatherford. At 95.1 percent occupied, largely on modified-gross short-term leases, this sale offers buyers a value-add opportunity. The seller occupies 3,600 square feet of space and plans to execute a four-month partial sale-leaseback upon closing at $12.00 per square foot.

Investment highlights

• Multi-Tenant 36,800-Square-Foot Income-Producing Shallow Bay Asset Situated on 4.4 Acres

• Featuring 20 Individually Metered Suites, 16’-18’ Clear Heights, and Ample IOS for Development

• Frontage Along I-20, 2.8 Miles South of Downtown Weatherford

• Value-Add Opportunity with 95% Occupancy, Short-Term Modified Gross Leases, and Partial Sale-Leaseback

Listing Contacts

CC
TX TX: 783678
Marcus & Millichap - Dallas
DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$338,647.00
$28,220.58/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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Additional Information

Name
Cole Collins
License
TX: 783678
Name
Davis Cagle
License
TX 722097
Brokerage Phone
(972) 755-5230
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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