2438 Pullman Rd Amarillo, TX 79118-6951

Property Details for 2438 Pullman Rd

Year built

1970

Lot size

7.06 lot acres

Property size

17,788 SF

Zone code

A

Property type

Auto shops

APN

R-200-0580-1000

APU

R20005801000

Description

This exceptional Amarillo, Texas industrial property presents a compelling net lease investment opportunity. The 17,788-square-foot warehouse, built in 1970, sits on a substantial 7.06-acre lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $53,322 annually, representing a 4.10% capitalization rate. The asking price is $1,300,000, translating to $73.08 per square foot. The single-story building features 18-foot side walls, nine 22x16 overhead doors, and a bridge crane, making it ideal for various industrial uses. Additional features include multiple shop heaters and partitioned side shops. The property also includes a large fenced yard, an RV garage, and a shop restroom. The 2,400-square-foot office space offers multiple offices, two foyers, and two restrooms. The property is equipped with its own well and septic system. Annual rent increases are in place, ensuring consistent income growth. This Class B warehouse is situated at 2438 S Pullman Rd, Amarillo, TX 79118, in Potter County. The property is offered as a single-tenant, NNN lease. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a desirable location.

Location Insight

City

Amarillo

County

Potter

State

Texas

Longitude

-101.709

Latitude

35.188

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments