For Sale
$3,600,000

28215 Vallie St Pinehurst, TX 77362

24,300 SF Flex Space, 7.77% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 24,300-square-foot industrial flex space, built in 2023, is situated on a one-acre lot at 28215 Vallie Street, Pinehurst, TX 77362. Currently 100% occupied, generating a net operating income (NOI) of $279,625 and boasting a 7.77% cap rate, this property presents a compelling investment opportunity. The asking price is $3,600,000, translating to $148.15 per square foot. The property features a flexible floor plan, easily adaptable to various business needs. Its prime location offers convenient access via Highway 249's feeder road, experiencing over 33,000 vehicles per day. The building boasts modern amenities and brand-new office space. This thriving area anticipates a population increase exceeding 10% within the next three years. Furthermore, the property benefits from a dense retail corridor, with nearby establishments including Target, Walgreens, Starbucks, Chick-fil-A, Sonic, Popeyes, Exxon, and McDonald's, providing significant visibility and customer convenience. Prominent signage opportunities further enhance the property's appeal. This single-tenant property is a turnkey investment in a rapidly growing Texas market.

Highlights

  • Exceptional location on Hwy 249 feeder road with over 33,000 vehicles per day.
  • Brand new office space with modern amenities.
  • High-growth area with projected population increase exceeding 10% in three years.
  • Flexible floor plan adaptable to various business needs.
  • Dense retail corridor with nearby national tenants including Target, Walgreens, and numerous restaurants.
  • Prominent signage opportunities for high visibility.

Property Details for 28215 Vallie St

Property type
Warehouses, Industrial properties
Square Feet
24,300 SF
Year Built
2023
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Pinehurst
County
Montgomery
State
Texas
Latitude
30.128298
Longitude
-95.648938

FAQs

What type of property is this?
Warehouse - 24,300 SF Flex Space, 7.77% Cap Rate
Where is the warehouse located?
The property is located at 28215 Vallie St Pinehurst, TX.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Exceptional location on Hwy 249 feeder road with over 33,000 vehicles per day.; Brand new office space with modern amenities.; High-growth area with projected population increase exceeding 10% in three years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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28215 Vallie St
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