4896 Co Rd Pleasanton, TX 78064
- Warehouses
- 9,300 SF
- 3.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 4896 Co Rd
- Year built
- 2013
- Lot size
- 3.00 lot acres
- Property size
- 9,300 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 9,300-square-foot office and warehouse facility situated on approximately 2.998 acres in Pleasanton, Texas. Built in 2013, the property boasts a 28-foot ceiling height, eight 12' x 12' roll-up doors, and sufficient footing to accommodate a 10-ton bridge crane (not included). The building is a pre-fabricated metal structure with a fully fenced perimeter. Approximately 1,800 square feet is dedicated to office space, complementing the expansive warehouse area and wash bay. Currently 100% leased to Falcon View Energy Products, LLC under a triple-net (NNN) lease with 1.5 years remaining on a 10-year term (commenced November 30, 2013). The lease includes a 10% rent increase after three years. The property generates a net operating income (NOI) of $114,000, resulting in an attractive 9.12% capitalization rate. The asking price is $1,250,000. Located in Atascosa County, Pleasanton benefits from its proximity to the Eagle Ford Shale, a major oil and gas producing region, and is strategically positioned 37 miles south of San Antonio. This property offers a strong return on investment in a thriving industrial market. The ground lease has 1.5 years remaining on a 10-year term, commencing December 2013.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pleasanton
- County
- Atascosa
- State
- Texas
- Longitude
- -98.4652
- Latitude
- 28.914
