Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 111 Industrial Boulevard in Mansfield, Texas, occupied by the owner, Mission Supply and Pacific Management. The subject property consists of approximately 24,270 square feet of warehouse space and is situated on 1.35 acres of land. The two-building asset features metal construction/roofing, four suites, a clear height of 18’, three-phase heavy power with 200 amps and 240 volts, and 20 parking spaces. Equipped with 10 drive-in doors, the property also has one dock-high platform with a dual grade-level entrance to two separate suites. Recent renovations have been made to the parking lot, office space, and exterior painting. Upon the sale of the property, Mission Sales and Supply plans to execute a short-term triple-net leaseback at $11.00 per square foot. Established in 2005, Mission Sales and Supply is a leading distributor of specialty vibration control systems. Located just off South Main Street, the property is primely situated within the Mansfield submarket, easily accessible by U.S. Route 287 and Texas 360 Tollway, which creates a dividing line between metro Fort Worth and metro Dallas. With 10.9 million square feet of industrial space, Mansfield is a midsized submarket, dominated by distribution and logistics facilities. At the midway point of 2025, 12-month rolling net absorption remained in positive territory at about 224,000 square feet. During this time, nearly 821,000 square feet were delivered on net, pushing the vacancy rate up from 5.6 percent in Q2 last year to 11.1 percent in Q2 2025. However, among comparable properties under 50,000 square feet, availability remained tight with vacancies at 4.0 percent in Q2. Across the entire Mansfield submarket, annual rent growth decelerated to 3.1 percent, posting a 10-year low and pushing the average market rent to about $10.30 per square foot. Going into the second half of 2025, there were only 312,000 square feet of industrial space under construction in Mansfield, representing only 2.9 percent of the inventory (CoStar). The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with a total of 8.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with nearly 980,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub (Marcus & Millichap).