Overview
Industrial Portfolio For Sale
This offering includes a portfolio of industrial properties consisting of three buildings and one 22.17-acre tract. The properties are located in Louisiana, Texas, and Oklahoma. The portfolio totals 58,388 square feet, situated on 22.42 acres, plus the additional 22.17-acre tract, of which 5 acres are stabilized land. One property, located at 824 I -10 South in Scott, LA, includes a 22,543 square-foot industrial building on 9 acres, with the tenant leasing 6.547 acres and an additional 2.45 acres available. The lease for this property expires in December 2028, with NNN rent at $395,735. Another property, located at 12805 W. I-20 in Odessa, TX, features a 25,845 square-foot industrial building on 10.85 acres, with a lease expiring in March 2035 and NNN rent at $557,747. The third building, located at 10819 W. County Rd. 20 in Midland, TX, is a 10,000 square-foot industrial building on 5.02 acres, with a lease expiring in January 2030 and NNN rent at $167,995; this property is currently sublet to 3N Logistics, LLC through Nov-2022. Finally, the El Reno, OK property on Jensen Rd. consists of 5 acres of stabilized land out of a 22.17 acre tract, with a lease expiring in November 2034 and NNN rent at $132,803. The tenant is a global provider of material handling container solutions for the energy, petrochemical, and general industrial-end markets and has been in business since 1911.
