For Sale
$1,300,000

2438 Pullman Rd Amarillo, TX 79118

17,788 SF Warehouse, 4.10% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Amarillo, Texas industrial property presents a compelling net lease investment opportunity. The 17,788-square-foot warehouse, built in 1970, sits on a substantial 7.06-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $53,322 annually, representing a 4.10% capitalization rate. The asking price is $1,300,000, translating to $73.08 per square foot. The single-story building features 18-foot side walls, nine 22x16 overhead doors, and a bridge crane, making it ideal for various industrial uses. Additional features include multiple shop heaters and partitioned side shops. The property also includes a large fenced yard, an RV garage, and a shop restroom. The 2,400-square-foot office space offers multiple offices, two foyers, and two restrooms. The property is equipped with its own well and septic system. Annual rent increases are in place, ensuring consistent income growth. This Class B warehouse is situated at 2438 S Pullman Rd, Amarillo, TX 79118, in Potter County. The property is offered as a single-tenant, NNN lease. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a desirable location.

Highlights

  • 18' side walls.
  • 9 (22' x 16') overhead doors.
  • 2,400 SF of office space.
  • Large fenced yard.
  • On-site well and septic system.

Property Details for 2438 Pullman Rd

Property type
Warehouses, Industrial properties
Square Feet
17,788 SF
Class
B
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
307,534 SF

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.1880587
Longitude
-101.7076507

FAQs

What type of property is this?
Warehouse - 17,788 SF Warehouse, 4.10% Cap Rate
Where is the warehouse located?
The property is located at 2438 Pullman Rd Amarillo, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 18' side walls.; 9 (22' x 16') overhead doors.; 2,400 SF of office space.
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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2438 Pullman Rd
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