375 I-45 Fairfield, TX 75840
- Warehouses
- 14,800 SF
- 4.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 375 I-45
- Year built
- 2005
- Lot size
- 4.00 lot acres
- Property size
- 14,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 14,800-square-foot industrial property, situated on a four-acre lot in Fairfield, Texas, presents a compelling investment opportunity. The Class B building, constructed in 2005 and boasting a 14-foot ceiling height, is currently 100% occupied by a single tenant under a five-year gross lease commencing November 1, 2024, and expiring October 31, 2029. The lease includes a five-year option. The property features a strong 9.54% cap rate, generating a net operating income (NOI) of $133,500. The asking price is $1,400,000, translating to a price per square foot of $94.59. Located at 375 I-45, with approximately 360 feet of highway frontage, this property benefits from its strategic position between the Dallas/Fort Worth and Houston metro areas, providing significant visibility and accessibility. The property is zoned for commercial use and includes two buildings on a single story. The sale includes a sale-leaseback option, allowing the current owner to remain as a long-term tenant. The lease includes upfront rent for the first six months. There are no loading docks. The property's APN is 54080. This is a rare opportunity to acquire a high-performing industrial asset with immediate cash flow and significant upside potential. The property can be purchased with or without the tenant in place.
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
- Fairfield
- County
- Freestone
- State
- Texas
- Longitude
- -96.2107
- Latitude
- 31.7604
