3876 Whitehurst Dr Longview, TX
Call to check price and availability
15,000 SF facility on 3.19 AC with expansion potential.
Property size:
138,782 SFLot size:
3.19 AcresPrice / SF:
$24/SF- Added:
- Nov 29, 2024
- Days on Market:
- 512
- Last Refresh:
- Apr 5 at 10:28 pm
Property Features for 3876 Whitehurst Dr
General Information
- Standard status
- Active
- Size
- 138,782 SF
- Lot size
- 3.19 Acres
Listing agent Patrick Nolan (972) 998-4108
Listing office Matthews Real Estate Investment Services | Dallas (972) 998-4108
Listing date Nov 29, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
Overview
Functional Industrial Outdoor Storage Site
This functional industrial outdoor storage site features a ±15,000 SF facility on ±3.19 acres of land, offering substantial industrial outdoor storage capabilities with 10.79% coverage. The property is strategically located directly off I-20, providing connectivity to the Dallas-Fort Worth metroplex and the rest of Texas. Situated at a hard corner of Loop 281 and I-20, the site benefits from high traffic volume, with Loop 281 seeing approximately 15,000 vehicles per day and I-20 seeing approximately 36,000 vehicles per day, and has immediate access to the on/off ramp. The property is occupied by SRS Distribution, a building supply distributor with over 750 locations across 47 states and an annual revenue of ±$10 Billion. SRS Distribution was acquired by Home Depot (NYSE: HD) for ±$18.25B in June 2024. SRS Distribution expanded its operations at the site in 2023 and will further expand in Q1 of 2025, demonstrating its commitment to the location. Recent renovations include ±0.80 AC of 3” thick type D asphalt paving, roof repairs for both buildings, new 6’ security fencing, and a new concrete entry way. SRS Distribution recently signed a new five-year lease at the site and has two additional five-year options to extend. The new lease includes 3% annual increases throughout the initial term and option periods, as well as Fair Market Value (FMV) rent adjustments at the commencement of each option period.
Location Intelligence
Current Use by Public Records
SRS Building Products
Big Box & Wholesale Store
Top-Notch Supply
Big Box & Wholesale Store
Southern Shingles
Big Box & Wholesale Store
Similar Places Nearby
- Crossland All In One Storage — 5876 SE Loop 281, Longview, TX 75602
- WASHBURN PROPERTIES INC. STORAGE — 3823 creekwood cir, longview, tx 75602
- Southeast Loop RV Storage — 5835 SE Loop 281, Longview, TX 75602
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Gregg
- State
- Texas
- Longitude
- -94.6643
- Latitude
- 32.4613
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 15,000 SF facility on 3.19 AC with expansion potential.
Where is this warehouse located?
The property is located at 3876 Whitehurst Dr Longview, TX.
What is the asking price?
The asking price for this property is $3,334,131.
What are key features of this property?
This property features: Investment Grade Tenant: SRS Distribution, acquired by Home Depot (S&P: “A”).; Attractive Lease: New 5‑year lease with 3% annual increases and Fair Market Value (FMV) rent adjustments.; Multiple Recent Expansions: SRS Distribution expanded in 2023 and will expand again in Q1 2025.
