9500 Service Rd Big Spring, TX 79720
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10,180 SF Warehouse, 11.04% Cap Rate
Property size:
10,180 SFProperty Features for 9500 Service Rd
General Information
- Property type
- Distribution properties
- Square Feet
- 10,180 SF
- Class
- B
- Lot Size
- 164,221 SF
Building Details
- Year Built/Renovated
- 2004/2016
- Buildings
- 2
- Stories
- 1
- Units
- 2
Listing Agency: JBK Enterprises Listing Agent: John King
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 10,180-square-foot industrial warehouse located at 9500 S I-20 Service Rd, Big Spring, Texas, 79720. The property, situated on 3.77 to 9.77 acres of land, comprises two buildings constructed in 2004 and 2010, with renovations completed in 2016. The main building features a 5,000 square foot main office and shop with a 2,400 square foot covered wash area/storage. A second building offers 1,050 square feet of shop/office space and an attached 4,130 square foot covered equipment storage area. The property boasts a total of 10 offices, 3 bathrooms, 1 conference room, and 2 kitchens. Additional features include two shops, a small tank farm, ample covered storage, and a fenced yard. The warehouse benefits from three dock-high doors and 18-foot ceilings. Currently leased under a triple-net (NNN) lease with a credit-rated tenant, the lease commenced August 31, 2022, and expires August 30, 2025, with a remaining term of two years. The lease includes one three-year renewal option at market rate, not less than the last rate paid. The asking price is $815,000, representing a price per square foot of $80.06 and a cap rate of 11.04%. The property is zoned C and offers excellent visibility and accessibility from I-20 Service Road. The current net operating income (NOI) is $90,000. This property is a fee simple ownership and is currently 100% occupied.
Property Profile
Location Intelligence
Current Use by Public Records
Clariant Coahoma
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Big Spring
- County
- Howard
- State
- Texas
- Longitude
- -101.3284398
- Latitude
- 32.28723582
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FAQs
What type of property is this?
Distribution property - 10,180 SF Warehouse, 11.04% Cap Rate
Where is this distribution property located?
The property is located at 9500 Service Rd Big Spring, TX.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 10,180-square-foot industrial warehouse on 3.77-9.77 acres in Big Spring, TX.; Two buildings (2004 & 2010 construction, 2016 renovations) totaling 10,180 SF, including 5,000 SF main office/shop, 2,400 SF covered wash area, 1,050 SF shop/office, and 4,130 SF covered equipment storage.; Features include 10 offices, 3 bathrooms, 1 conference room, 2 kitchens, 2 shops, small tank farm, ample covered storage, fenced yard, three dock-high doors, and 18-foot ceilings.
