Listing Agency: NAI Robert Lynn-Fort Worth Show Phone

Listed By: Todd Hubbard Show Phone

Source: Moodyscre

Added: May 23, 2023 Changed: Oct 25 Last Checked: Oct 28 at 6:52AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This distribution center features a front-load configuration with 32’ clear height and 66 dock-high doors. The facility includes 2 ramps measuring 14’ x 16’ and is described as having a February 2023 delivery date.

The building is laid out with 60’ depth on either end and 50’ interior spacing, supported by 54’ (W) x 40’ (D) column spacing. The property is also described as having the ability to secure a truck court, with 152 car parks and 101 trailer parks.

The configuration is designed for high-volume receiving and distribution, supported by multiple loading positions and dock-door capacity.

Key Highlights

• Front‑load distribution building with 32’ clear height
• 66 dock‑high doors with front‑load configuration
• February 2023 delivery

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$2,223,699

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$44,473,980 $44.5M

Cap Rate 7%

$31,767,129 $31.8M

Cap Rate 9%

$24,707,767 $24.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 321,193 SF

Gross rent

$2.89M $9.00/SF

− Vacancy

−$274.6K −$0.86/SF

EGI

$2.62M $8.15/SF

− OpEx

−$392.4K −$1.22/SF

NOI

$2.22M $6.92/SF

Area

ZIP 76131

Vacancy

9.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$44,473,980

Cap Rate 7%

$31,767,129

Cap Rate 9%

$24,707,767

Alternative Uses

Best Use

Warehouse

$31.77M

$27.80M – $37.06M (±1% cap)

NOI $2,223,699 @ 7.0% cap · market cap 5.00%

Second Best

Industrial

$26.16M

$22.89M – $30.52M (±1% cap)

NOI $1,831,282 @ 7.0% cap · market cap 4.12%

Theoretical Best

Multifamily LT 5

$80.68M

$70.60M – $94.13M (±1% cap)

NOI $5,647,692 @ 7.0% cap · market cap 12.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Garden Center Accounting Firm Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32 ft

Clear height

66

Dock-high doors

Location Intelligence

Trade Area within ½ mile

424

Businesses Nearby

Explore this area Business Placement

Demographics for 76131, TX

48,515

Population

18,145

Households

2.7

Avg Household Size

33

Median Age

35%

College-Educated

91%

High-School Grad

15.5 sq mi

ZIP Area

3,130

Density / Sq Mi

$104,301

Median Household Income

$56,912

Median Earnings

$1,780

Median Rent

$316,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Front-load distribution building offering 32-foot clear height and 66 dock-high doors with extensive trailer parking.

Where is this distribution center located?

The property is located at 355 W McLeroy Blvd Saginaw, TX.

What is the asking price?

The asking price for this property is $44,485,230.

What are key features of this property?

This property features: Front‑load distribution building with 32’ clear height; 66 dock‑high doors with front‑load configuration; February 2023 delivery