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31430744

681 Eastgate Rd, Midlothian, TX 76065 For Sale

MT
TX 669326
Flex Parks USA LLC
CP
TX 551177
Flex Parks USA LLC
Listed by Flex Parks USA LLC
$3,200,000
108 days on market
Updated 40 days ago

Eastgate Business Park

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 29,000
Units 6
Cap Rate 7.47%
NOI $238,980
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 11.56%
Pro-Forma NOI $369,999
Price per SqFt $110
Broker Co-Op Yes
Class B
Year Built 2016
Stories 1
Lot Size (SqFt) 1.65
Investment Type Stabilized
Ownership Fee Simple

Multi-Tenant Small Bay Industrial Investment

Marketing description

Flex Parks USA is pleased to present the opportunity to acquire the industrial business park located at 681 Eastgate Rd, Midlothian, TX, a strategically positioned industrial asset within the Eastgate Industrial Park in Ellis County. The property consists of a multi-tenant industrial business park designed to accommodate a diverse mix of manufacturing, distribution, contractor, and light industrial tenants supporting the region's rapidly growing economy.

The asset features functional industrial buildings with flexible warehouse and shop space, providing tenants with highly usable layouts suited for equipment storage, manufacturing operations, fabrication, and distribution activities. The business park format allows for a diversified tenant base while supporting the operational needs of companies that require industrial space with convenient truck access and secure accessible location to the DFW market.

Strategically located in Midlothian, the property benefits from strong connectivity to major transportation corridors including U.S. Highways 67 and 287, providing efficient access throughout the Dallas–Fort Worth Metroplex and surrounding markets. Midlothian serves as a critical hub for manufacturing, distribution, and industrial services, situated just 25 miles south of the DFW metro and within easy reach of two major airports.

The property offers investors exposure to the highly desirable small- to mid-bay industrial product type, which continues to experience strong tenant demand driven by the concentration of manufacturing, distribution, and industrial companies and limited supply of functional industrial facilities in the area. The multi-tenant configuration provides income diversification while allowing flexibility to accommodate a wide range of industrial users. With long term tenants 7+ years, local ownership has not increased rents to market.

Investment highlights

  • Below Market Rents
  • Priced Below Replacement Cost
  • Strong Historical Financials
  • High Growth Sub-Market
  • Great Location near highways 67 and 287

Listing Contacts

MT
TX 669326
Flex Parks USA LLC
CP
TX 551177
Flex Parks USA LLC
Listed by Flex Parks USA LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$238,980.00
$19,915.00/mo

Valuation Metrics

0
DSCR
7.47%
Cap Rate
7.47%
ROI

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Additional Information

Name
Michael Tran
License
669326
Brokerage
Flex Parks USA
Brokerage Phone
8175010024
Title
Real Estate Salesperson
Brokerage Address
6115 Camp Bowie Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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