Lufkin Industries
Excellent Crane Served Facility w/ Heavy Power on 50 Acre Conrete Fenced Yard
Marketing description
73,500 sq ft Mfg/Warehouse Facility on 50 acres of Fenced Concrete Yard. The property is a former Lufkin Industries foundry yard currently leased by KPS Capital/Lufkin Industries. The main facility is a highly functional Mfg Warehouse that boasts 29' ft to 34' ft clear heights, 10 inch plus concrete slab, Heavy Power, 10 overhead Cranes (3-Ton to 25 Ton Capacity and 30 Ft Hook Height), Dock High Doors, Oversized Electric Grade Level Doors, Heaters, 50 Acres of Concrete Yard, Rail Line, Offices, Break-room, LED Lighting, Fabrication Shop, and Wood Working Shop. There is also a bonus metal building that is 30,370 sq ft that is 32' ft clear height that is not under lease. It needs maintenance work and needs metal panels replaced on the exterior. This facility could be an unaccounted additional source of income for the new landlord. The current Tenant does not occupy the entire 50 acre yard which can be developed into additional income producing properties. This raises the upside of the property into perpetuity.
Investment highlights
73,500 sq ft Main Mfg/Warehouse building with huge upside potential:
50 Acre Fenced Yard
10 Overhead Cranes Ranging from 3-Ton to 25-Ton Capacity
30' Ft + Crane Hook Height
5 Three Ton Jib Cranes
29' Ft to 34'Ft Clear Heights
HEAVY POWER
10 Inch Plus Slab
Inactive Rail Line
Huge Oversized Roll Up Doors
Dock Doors with Levelers
Weld/Fab Shop
Woodworking Shop
Sprinkled
BONUS 30,370 sq ft Mfg/Warehouse/Shop that needs MEP repair and metal panel replacement on roof and outer skin. This building has its own ingress and egress on the 50 acres. Market Rate for this product is $5.50-$7.00 psf NNN currently. Additionally there is unused acreage that could be developed into future Shop/Office properties.
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