3377 Sotol Way Verhalen, TX 79772
- Warehouses
- 5,000 SF
- 2.12 lot acres
Current Use by Public Records
- Warehouses
Property Details for 3377 Sotol Way
- Year built
- 2023
- Lot size
- 2.12 lot acres
- Property size
- 5,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional Class A industrial warehouse, totaling 5,000 square feet, presents a compelling investment opportunity. Located in the prestigious First Keystone Pecos Industrial Park in Verhalen, Texas (79772), this property boasts a prime location near TX17 and I-20, within the Delaware Basin region. Built in 2023, the building features all utilities including city water, fiber, and electric. The interior includes office space, restrooms, a breakroom, HVAC, ADA compliance, natural light, recessed lighting, and a drop ceiling. The warehouse area offers a 16-foot eave height, while the office area has a 12'3" eave height. Four 14-foot overhead doors provide ample access, supported by a robust 400-amp, 3-phase power system and fiber broadband. The exterior features crush and screened caliche grading, compaction, and fencing. The property sits on a 2.12-acre lot and is currently leased under an Absolute NNN lease to a successful mid-stream service company for a 3-year term commencing August 14, 2023, and expiring August 13, 2026, leaving approximately 1.7 years remaining. The asking price is $1,250,000, representing a 9.75% cap rate. The property is zoned for industrial use and offers potential for expansion with an adjacent 1-acre lot available to the tenant. Key features include RV hook-up potential and insulation. This is a rare opportunity to acquire a high-quality, income-producing asset in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Verhalen
- County
- State
- Texas
- Longitude
- -103.531
- Latitude
- 31.3834
