Courtesy of Joseph J Kachuroi
Property Description
Motivated Seller! Will consider ALL offers. This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with two tenants. Tenants pay premium rents because of the nature of the business their in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends in 2031, but also has options for an additional 5 years. Second tenant did not sign a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. One oversized grade level door. Large 2.10 acre lot with 80 parking spaces. Medical Cannabis license is not for sale, tenant owns medical cannabis license, not property owner.
Open House
Property Details and Features
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Building
- Built in 2018
- Living area: 16018
- Construction materials: “Block”
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Cooling
- “Central Air”
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Fence
- “Chain Link”
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Floors
- “Concrete”
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Heating
- “Electric”
- “Natural Gas”
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Listing
- Listing ID: 6814359
- Standard status: Active
- 68 days on market
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Location
- Subdivision name: PECOS INDUSTRIAL PARK
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Lot
- 2.1 acres
- 91,428 sqft
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Parking
- “Private”
- “Free”
- 80 total parkings
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Property
- Zoning: IND-3
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $19,930
- Lot: F
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Utilities
- “3 Phase Power”
- “Over 220 Amp”
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This content last updated on April 10, 2025 2:06AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.