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398 Meeks Bnd Millsap, TX 76066

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For Sale
$2,898,000

27,725 SF warehouse on 10 acres with tenant.

Lot size:
10.00 Acres

Property Features for 398 Meeks Bnd

General Information

Lot size
10.00 Acres

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Listing Contact
Krayton Kirkpatrick
Krayton Kirkpatrick
Source: Exitrealty

Listing Agency: Kirkpatrick Realty Listing Agent: Krayton Kirkpatrick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Warehouse on 10 Acres

This property features a 27,725 square foot warehouse building situated on 10 acres. The property is currently occupied by a tenant utilizing the building and 3 acres of land. The lease, which includes a 4% annual escalation, extends until November 2027. The current lease rate is $16,172 per month. The property has 3-phase electricity, multiple loading docks, and an office area. Located in a secluded area near the Brazos River, the property offers convenient access to Interstate 20. The property is available for sale with the tenant in place, as a build-to-suit opportunity, or as vacant land. The property has an 8% cap rate.
Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Millsap
County
Parker
State
Texas
Longitude
-98.031555
Latitude
32.655735

FAQs

What type of property is this?
Warehouse - 27,725 SF warehouse on 10 acres with tenant.
Where is this warehouse located?
The property is located at 398 Meeks Bnd Millsap, TX.
What is the asking price?
The asking price for this property is $2,898,000.
What are key features of this property?
This property features: - 1.8% Cap Rate with escalation lease in place.; - 27,725 Sq. Ft. warehouse building on 10 acres.; - Tenant in place with a 3-year lease extending to November 2027 and 4% annual escalation.
More about this property
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