820 Central ExpyAnna, TX 75409

Property Details for 820 Central Expy

Year built

2011

Lot size

1.27 AC

Property size (Sq ft)

20,088 SF

Property type

Warehouses

Property subtype

Refrigeration & cold storage

Description

This exceptional 20,088-square-foot industrial property, located at 820 S Central Expy in Anna, Texas (75409), presents a compelling investment opportunity. The single-story, 2011-built building underwent a complete renovation in 2022, boasting a pristine interior finish. The property features four loading docks with four dock-high doors, providing efficient logistics. The 18-foot ceiling height maximizes storage and operational flexibility. The warehouse space is complemented by a well-appointed office area, including a reception area, conference room, and restrooms, all climate-controlled. Situated on a 1.27-acre lot zoned C-2, the property offers ample parking for 24 vehicles. The building's strategic location provides convenient access to US Highway 75, with proximity to major transportation hubs including DFW and DAL airports, and significant employers like Texas Instruments. Financial highlights include an asking price of $4,519,800, a price per square foot of $225, a pro-forma NOI of $271,188, and a pro-forma cap rate of 6.00%. The property is currently vacant with an occupancy date of July 1, 2024, making it ideal for owner-users or investors seeking a high-return asset in a thriving market. This is a rare opportunity to acquire a renovated, well-located industrial property below replacement cost.

Location Insight

City

Anna

County

Collin

State

Texas

Latitude

33.3427

Longitude

-96.59

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