For Sale
$1,130,000

6122 Interstate 30Campbell, TX 75422

High-yield industrial parking investment.

Overview

Added:
Dec 11, 2024
Days on market:
117
This Campbell, Texas industrial property, located at 6122 E Interstate 30, presents a compelling value-add investment opportunity. The 8+ acre site boasts 110 parking spaces currently utilized for trucks, boats, and RVs, with a master lease in place for 70 spaces. The property enjoys a prime location directly on I-30, a major transportation artery within the Dallas Metro Area, experiencing high daily traffic volume (approximately 32,000 vehicles). The current NOI is $80,094, yielding a 7.05% cap rate, with a pro-forma NOI of $113,877 and a pro-forma cap rate of 10.08%. The asking price is $1,130,000, translating to a land value of $138,480 per acre. The existing leases are gross leases with a multi-tenant occupancy of 110, currently operating under a four-year lease term commencing December 1, 2022, and expiring January 31, 2025, leaving approximately 0.5 years remaining. The property offers significant potential for expansion and customization, given the ample undeveloped land. This asset is ideal for investors seeking strong cash flow and future appreciation in a high-growth area. The property is fully developed for its current use and presents a rare opportunity to acquire a well-positioned industrial parking facility in a strategic location.

Highlights

  • 110 parking spaces for trucks, boats, and RVs, with a master lease in place for 70 spaces.
  • 2.5 of 8 acres fully developed; 5.5 acres available for expansion.
  • Prime I-30 location in Campbell, TX, Dallas Metro Area, with approximately 32,000 vehicles daily.
  • Current NOI $80,094 (7.05% cap rate); pro-forma NOI $113,877 (10.08% cap rate). Asking price: $1,130,000.
  • Gross lease with multi-tenant occupancy; approximately 0.5 years remaining on a four-year lease (commencing December 1, 2022).

Property Details for 6122 Interstate 30

Property type
Self storage facilities, Industrial properties

Location Insight

City
Campbell
County
Hunt
State
Texas
Latitude
33.1325059
Longitude
-95.9127701
6122 Interstate 30, Campbell, Texas

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6122 Interstate 30
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