Listed by JBK Enterprises
$815,000
9500 S I-20 Service Rd
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 10,180
Net Rentable (SqFt) 10,180
Units 2
Cap Rate 11.04%
NOI $90,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 08/30/2025
Remaining Term 2
Lease Options One 3 yr renewal at market rate not less than last rate paid.
Pro-Forma Cap Rate 11.04%
Pro-Forma NOI $90,000
Price per SqFt $80
Broker Co-Op Yes
Class B
Year Built 2004 & 2010
Year Renovated 2016
Buildings 2
Stories 1
Acreage 3.77 - 9.77
Zoning C
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/31/2022
Ceiling Height 18
Dock High Doors 3
Ownership FEE
Industrial | 11.04% CAP | 10,180 SF
Marketing description
9500 S I-20 Service Rd Big Spring, Tx. Recently Vacated O&G Service Facility Consisting of 2- Buildings That Are 5,000 Sf Main Office and Shop/w 2,400 Sf Covered Was Area/storage and a 1,050 Sf Shop/office With an Attached 4,130 Sf Covered Equipment Storage Area. the Property Sits on 3.7 Acres Under Fence With a Curbed in Tank Farm Along With an Attached Additional 6 Acre Surfaced and Fenced With a Remote Access Gate. the Property is Fully Accessed and Visible From I-20 Service Rd. Combined There Are : 10 Offices, 3 Bathrooms, 1 Conference Room, 2 Kitchen, 2 Shops, Small Tank Farm, Covered Storage, and Yard.
Investment highlights
- Bayswater Operating is leasing the property for 2 years at $7500 per month.
Listing Contacts
Listed by JBK Enterprises
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,000.00
$7,500.00/mo
Valuation Metrics
0
DSCR
11.04%
Cap Rate
11.04%
ROI
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