398 Meeks Bnd, Millsap, TX 76066
- $2,898,000
- List Price
- $2,898,000
- Price Change
- ▼ $52,000 1755045911
- MLS#
- 20842691
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Construction Status
- Preowned
- Acres
- 10
- County
- Parker
- City
- Millsap
- Subdivision
- Meeks
Property Description
SALE WITH TENANT IN PLACE, BUILD TO SUIT OR PURCHASE VACANT LAND. 27,725 Sq. Ft. warehouse building on 10 acres with tenant in place utilizing the building and 3 acres of land currently. 8% Cap Rate with escalation lease in place. Property has 3 phase electricity, multiple loading docks, and office area. Property is in a secluded location within close proximity to the Brazos River with easy access via Interstate 20. 3 YEAR LEASE IN PLACE WITH 4% ESCALATION PER YEAR UNITL NOVEMBER 2027. CURRENT LEASE RATE IS 16,172 PER MONTH.
Additional Information
- Unexempt Taxes
- $21,640
- Lot Size
- 435,600
- Flooring
- Concrete
- Foundation
- Slab
- Roof
- Metal
- Building Stories
- 1
- Parking Garage
- On Site
- Proposed Use
- Office, Warehouse
- Inclusions
- Land & Improvements
- Possession
- CloseOfEscrow
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Listing courtesy of Krayton Kirkpatrick from Kirkpatrick Realty. Contact: (817) 597-0698