For Sale
$2,230,000
407 6Th St Hearne, TX 77859
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- ±49,600 SF industrial facility on ±10.78 acres with significant outdoor storage capacity.
- $44/SF list price for a 49,600 SF facility leased to a multi-billion dollar publicly traded company, below replacement cost.
- Below-market rent of $3.15/SF/year with a 20% rent increase projected in the upcoming option period, boosting cap rate to 8.39%.
- Leased to Builders FirstSource (BLDR), a Fortune 250 company with strong financial stability.
- Located in Hearne, TX, an income tax-free state, within easy reach of major Texas MSAs.
Property Details for 407 6Th St
- Property type
- Industrial properties, Distribution centers
- Square Feet
- 49,600 SF
- Year Built
- 1980
- Lot Size (sq. ft)
- 469,577 SF
Location Insight
- City
- Hearne
- County
- Robertson
- State
- Texas
- Latitude
- 30.8808512
- Longitude
- -96.5998089
Nearby Similar for Sale
FAQs
- Where is the industrial property located?
- The property is located at 407 6Th St Hearne, TX.
- What is the asking price?
- The asking price for this property is $2,230,000.
- What are key features of this property?
- This property features: ±49,600 SF industrial facility on ±10.78 acres with significant outdoor storage capacity.; $44/SF list price for a 49,600 SF facility leased to a multi-billion dollar publicly traded company, below replacement cost.; Below-market rent of $3.15/SF/year with a 20% rent increase projected in the upcoming option period, boosting cap rate to 8.39%.
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