Description
Fully leased industrial/light manufacturing facility available for sale in Jasper County. The property is situated on 18.13 acres with rail access and two separate buildings. The main building is 42,000 SF with 20' ceiling height, restrooms, and and office area on the front end. Three loading docks and 4 at grade doors with plenty of room to navigate deliveries. Current tenant recently exercised their 2 year renewal option through 3/31/27. Current adj. CAP rate of 6.94% for 2024 and lease has annual increases. This is a great opportunity to acquire an existing industrial site with rail access nearby the new development growth, including Rivian. **Insulation is scheduled to be replaced soon and new pictures will follow**
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0BEDS
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18.13ACRES
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0BATHS
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01/2 BATHS
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53,144SQFT
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$37$/SQFT
School Ratings & Info
Description
Fully leased industrial/light manufacturing facility available for sale in Jasper County. The property is situated on 18.13 acres with rail access and two separate buildings. The main building is 42,000 SF with 20' ceiling height, restrooms, and and office area on the front end. Three loading docks and 4 at grade doors with plenty of room to navigate deliveries. Current tenant recently exercised their 2 year renewal option through 3/31/27. Current adj. CAP rate of 6.94% for 2024 and lease has annual increases. This is a great opportunity to acquire an existing industrial site with rail access nearby the new development growth, including Rivian. **Insulation is scheduled to be replaced soon and new pictures will follow**
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