Justin Multi-Tenant Value-Add
Industrial | 22,900 SqFt
Marketing description
The property is a five-building shallow-bay industrial asset that spans 22,900 square feet and sits on 2.35 acres of land. This industrial property was delivered in 2023 and features 32 grade-level doors, which provide easy access for loading and unloading goods. The clear height of the property is 20', allowing for efficient storage and operation. The property also boasts ample on-site parking, making it convenient for employees and visitors. The property presents a value-add opportunity for investors to convert short-term, below-market gross leases to long-term triple-net terms at market rate. This conversion would increase the property's revenue and value, making it a more attractive investment opportunity. By converting these leases to triple-net terms, investors can reduce their operational expenses and increase their returns. The property's strong features and location make it an ideal candidate for this type of value-add strategy.
Investment highlights
- Five-Building 22,900-Square-Foot Shallow-Bay Industrial Asset Situated on 2.35 Acres
- Delivered in 2023, Featuring 32 Grade-Level Doors, 20' Clear Height, and Ample On-Site Parking
- Value-Add Opportunity to Convert Short-Term, Below-Market Gross Leases to Long-Term Triple-Net Terms at Market Rate
- Strategic Location with Immediate Access to SH114 and I-35W, Providing Strong Connectivity Throughout DFW Metroplex
- Located in High-Demand NE Tarrant/Alliance Submarket with Vacancies Down 6.0 Percentage Points Since 2024 | 7.7% Vacancy Rate, Below DFW Average
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