707 Nelson Ln Wharton, TX 77488

This fee-simple industrial property, located at 707 Nelson Ln, Wharton, TX 77488, offers a compelling investment opportunity. The 18,462-square-foot warehouse complex sits on a spacious 13.62-acre lot and boasts three buildings constructed in 1970 and 2008. The property features six grade-level loading docks, an interior crane, and ample outdoor storage space, presenting significant potential for expansion or additional development. Currently 100% occupied by Ranger Energy Services (NYSE: RNGR), a leading provider of mobile rig well services, under a new five-year lease with substantial tenant improvements, this asset provides strong cash flow with a Net Operating Income (NOI) of $114,000 and an 8.77% cap rate. The asking price is $1,300,000, translating to $70.41 per square foot. Its strategic location southwest of Houston, easily accessible via I-69/US 59, in a market with only 2.1% vacancy, further enhances its investment appeal. The property is classified as Class C, with a NNN lease type. This is a single-tenant, fee-simple ownership opportunity. The low building coverage ratio of approximately 3% highlights the significant potential for future development on the expansive lot.