For Sale
$1,400,000

375 I-45 Fairfield, TX 75840

High-yield industrial property, excellent cash flow.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 14,800-square-foot industrial property, situated on a four-acre lot in Fairfield, Texas, presents a compelling investment opportunity. The Class B building, constructed in 2005 and boasting a 14-foot ceiling height, is currently 100% occupied by a single tenant under a five-year gross lease commencing November 1, 2024, and expiring October 31, 2029. The lease includes a five-year option. The property features a strong 9.54% cap rate, generating a net operating income (NOI) of $133,500. The asking price is $1,400,000, translating to a price per square foot of $94.59. Located at 375 I-45, with approximately 360 feet of highway frontage, this property benefits from its strategic position between the Dallas/Fort Worth and Houston metro areas, providing significant visibility and accessibility. The property is zoned for commercial use and includes two buildings on a single story. The sale includes a sale-leaseback option, allowing the current owner to remain as a long-term tenant. The lease includes upfront rent for the first six months. There are no loading docks. The property's APN is 54080. This is a rare opportunity to acquire a high-performing industrial asset with immediate cash flow and significant upside potential. The property can be purchased with or without the tenant in place.

Highlights

  • 14,800 SF industrial building on a 4-acre lot in Fairfield, TX.
  • Class B building, built in 2005, with 14' ceilings.
  • 100% occupied by a single tenant under a 5-year gross lease (11/1/2024 - 10/31/2029) with a 5-year option; 9.54% cap rate, $133,500 NOI.
  • Asking price: $1,400,000 ($94.59/SF); 360' of I-45 frontage.
  • Sale-leaseback option available; APN 54080.

Property Details for 375 I-45

Property type
Warehouses, Industrial properties
Square Feet
14,800 SF
Class
B
Year Built
2005
Buildings
2
Stories
1
Lot Size (sq. ft)
174,240 SF
Units
1

Location Insight

City
Fairfield
County
Freestone
State
Texas
Latitude
31.7604123
Longitude
-96.2106582

FAQs

What type of property is this?
Warehouse - High-yield industrial property, excellent cash flow.
Where is the warehouse located?
The property is located at 375 I-45 Fairfield, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 14,800 SF industrial building on a 4-acre lot in Fairfield, TX.; Class B building, built in 2005, with 14' ceilings.; 100% occupied by a single tenant under a 5-year gross lease (11/1/2024 - 10/31/2029) with a 5-year option; 9.54% cap rate, $133,500 NOI.
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375 I-45
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