3377 Sotol WayVerhalen, TX 79772

Property Details for 3377 Sotol Way

Year built

2023

Lot size

2.12 AC

Property size (Sq ft)

5,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional Class A industrial warehouse, totaling 5,000 square feet, presents a compelling investment opportunity. Located in the prestigious First Keystone Pecos Industrial Park in Verhalen, Texas (79772), this property boasts a prime location near TX17 and I-20, within the Delaware Basin region. Built in 2023, the building features all utilities including city water, fiber, and electric. The interior includes office space, restrooms, a breakroom, HVAC, ADA compliance, natural light, recessed lighting, and a drop ceiling. The warehouse area offers a 16-foot eave height, while the office area has a 12'3" eave height. Four 14-foot overhead doors provide ample access, supported by a robust 400-amp, 3-phase power system and fiber broadband. The exterior features crush and screened caliche grading, compaction, and fencing. The property sits on a 2.12-acre lot and is currently leased under an Absolute NNN lease to a successful mid-stream service company for a 3-year term commencing August 14, 2023, and expiring August 13, 2026, leaving approximately 1.7 years remaining. The asking price is $1,250,000, representing a 9.75% cap rate. The property is zoned for industrial use and offers potential for expansion with an adjacent 1-acre lot available to the tenant. Key features include RV hook-up potential and insulation. This is a rare opportunity to acquire a high-quality, income-producing asset in a rapidly growing market.

Location Insight

City

Verhalen

County

State

Texas

Latitude

31.3834

Longitude

-103.531

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