Investment Overview

The property is a 28,748-square-foot industrial asset situated on 2.06 acres of land. This functional metal industrial facility features five grade-level doors, 16’ clear height, and approximately 3,000 square feet of office space. The facility is well-suited for a variety of industrial uses, including manufacturing, distribution, and storage. The property's location along Interstate 45 in the North Inner Loop submarket provides excellent accessibility and visibility. The area has a below-market 4.3 percent vacancy rate, indicating a strong demand for industrial space. The property's proximity to major transportation routes makes it an attractive option for businesses that require easy access to highways. The property is occupied by the seller, Aztex Fresh Produce LLC, a wholesale provider to restaurants, supermarkets, convenience stores, meat markets, bars, and residential homes. Upon closing, the seller will enter into a partial five-year triple-net sale-leaseback agreement on 11,008 square feet at $13.08 per square foot with 3.0 percent annual escalations. This leaseback agreement provides a secure source of income for the buyer. The lease terms are favorable, with a stable tenant and a reasonable rent escalation. The property's occupancy by a reputable tenant reduces the risk for the buyer. The leaseback agreement also provides an opportunity for the buyer to establish a relationship with a long-term tenant. The buyer can benefit from the stability and security of the leaseback agreement. The property offers a partial owner-user or lease-up investment opportunity, with 17,740 square feet of vacant space available. This vacant space can be leased to additional tenants or used by the buyer for their own operations. The property's location and amenities make it an attractive option for a variety of industrial users. The buyer can take advantage of the strong demand for industrial space in the area to lease the vacant space. The property's value can be increased through the lease-up of the vacant space. The buyer can also consider renovating or upgrading the facility to attract new tenants. The property's potential for lease-up and renovation makes it a valuable investment opportunity.