Ennis Warehouse and Industrial
2407 & 2411 N Preston Street Ennis, TX 75119
For Sale
Contact for pricing
Warehouse and industrial property available for sale in Ennis, Texas.
Property Size66,500 SF
Price / SF$78.95
Days on Market1102
Property Features for 2407 & 2411 N Preston Street
General Information
- Standard status
- Active
- Size
- 66,500 SF
- Property subtype
- Industrial
Listing Agency:
The Jackson Company
(972) 478-5757
Listed By:
David Jackson · License #0276047
Source:
Crexi
Added: Jul 20, 2023
Changed: Jul 6
Last Checked: Jul 24 at 6:24PM
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 The Jackson Company
Investment Insights
Based on property information with market context.
This property, located in Ennis, Texas, is available for sale. It encompasses 66,500 square feet and is suitable for warehouse and industrial use.
Key Highlights
- No property information provided.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $598.5k | $9.00 |
| − Vacancy | −$54.5k | −$0.82 |
| EGI | $544.0k | $8.18 |
| − OpEx | −$81.6k | −$1.23 |
| NOI | $462.4k | $6.95 |
66,500 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.61M
$5.78M – $7.71M
NOI $462,431 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$4.92M
$4.31M – $5.75M
NOI $344,723 @ 7.0% cap · market cap 6.57%
Theoretical Best
Multifamily LT 5
$725.62M
$634.92M – $846.56M
NOI $50,793,721 @ 7.0% cap · market cap 967.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
H & P Expo ...
Business Service Center
Party Club of America
Party Supply Store
Creep It Cheap
Department Store
Similar Off Market Nearby
- The Storage Center — 3000 NE Main St, Ennis, TX 75119
- Ideal Self Storage - Ennis — 2312 N Preston St, Ennis, TX 75119
- Preston Self Storage — 2408 N Preston St, Ennis, TX 75119
- Go Store It Self Storage — 2501 N Kaufman St, Ennis, TX 75119
FAQs
What type of property is this?
Warehouse - Warehouse and industrial property available for sale in Ennis, Texas.
Where is this warehouse located?
The property is located at 2407 & 2411 N Preston Street Ennis, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: No property information provided.
