1224 Oak St Pearsall, TX 78061

Property Details for 1224 Oak St

Year built

2007

Lot size

0.92 lot acres

Property size

8,620 SF

Property type

Industrial properties

APN

00186-00001-00100-00000

APU

186000010010000000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,780 square foot industrial property located at 1224 S Oak St, Pearsall, TX 78061. The property comprises three buildings – office space, shop/warehouse, and lab space – situated on a 5.3-acre lot. Currently operating under a triple-net lease with a corporate guarantor, Valence Chemical, Inc., the lease commenced September 1, 2023, and expires October 31, 2026, offering a remaining term of approximately three years. The lease includes 10% annual rent bumps. The property boasts 45 parking spaces, 12x14 roll-up doors, and four drive-thru overhead doors. Modern office space features private offices, a bull pen, lab area, break room, large restrooms (shower-ready), and substantial mezzanine storage. Additional amenities include a water purification system, electronic remote gate access, and CCTV monitoring. The property is zoned LI and benefits from city services and easy access to major thoroughfares, making it ideal for logistics, maintenance, and storage. The asking price is $776,500, representing a cap rate of 8.50% with a current NOI of $66,000. This property offers a strong, stabilized income stream in a prime location. The year built is between 1982 and 2016, with renovations completed in 2017. Two lease options are available.