Warehouse

Forney Industrial Park

W Us Hwy 80, Forney, TX 75126

Listing Price: $20,000,000

Cap Rate
5.22%
Gross SF
311,000
Price/Gross SF
$64.31
Lot Size
50.06 acres
Year Built
2000
Rentable SF
311,000

Investment Overview

The subject 311,000 square-foot multi-tenant industrial park offers a very unique investment opportunity in the Forney industrial market where no similar acquisition opportunity has presented itself since 2015, providing the buyer an opportunity to acquire this asset in a very tough barrier to entry ownership market.

This highly functional asset allows for several tenant types, with multiple grade-level and dock-high doors in most of the subject buildings fitting a wide range of tenant functions to keep up with customer demand in a highly-accessible location.

With only five properties for lease within a 5-mile radius of the subject property and six percent annual submarket rent growth, there is immediate capability of ownership to sign new leases to meet market rent and increase NOI.

Investment Highlights

  • 311,000 Square-Foot Multi Tenant Warehouse Situated on 50.06 Acres
  • Functional Asset: 20'-22' Clear Height, 29 Dock High Doors, and 26 Grade Level Doors
  • 94.37% of Rent Roll on Year-to-Year Leases with Landlord Option to Terminate Leases
  • 25 Acres of Excess Land Providing for Future Development
  • Tough Barrier to Entry Market: 1.30% Overall Vacancy, 6% Annual Rent Growth (CoStar)
  • Strategically Located Industrial Warehouses with Proximate Access to Major Freeways

Exclusively Listed By

Warehouse

Forney Industrial Park

Listing Price: $20,000,000

Cap Rate
5.22%
Gross SF
311,000
Price/Gross SF
$64.31
Lot Size
50.06 acres
Year Built
2000
Rentable SF
311,000

Investment Highlights

  • 311,000 Square-Foot Multi Tenant Warehouse Situated on 50.06 Acres
  • Functional Asset: 20'-22' Clear Height, 29 Dock High Doors, and 26 Grade Level Doors
  • 94.37% of Rent Roll on Year-to-Year Leases with Landlord Option to Terminate Leases
  • 25 Acres of Excess Land Providing for Future Development
  • Tough Barrier to Entry Market: 1.30% Overall Vacancy, 6% Annual Rent Growth (CoStar)
  • Strategically Located Industrial Warehouses with Proximate Access to Major Freeways

Investment Overview

The subject 311,000 square-foot multi-tenant industrial park offers a very unique investment opportunity in the Forney industrial market where no similar acquisition opportunity has presented itself since 2015, providing the buyer an opportunity to acquire this asset in a very tough barrier to entry ownership market.

This highly functional asset allows for several tenant types, with multiple grade-level and dock-high doors in most of the subject buildings fitting a wide range of tenant functions to keep up with customer demand in a highly-accessible location.

With only five properties for lease within a 5-mile radius of the subject property and six percent annual submarket rent growth, there is immediate capability of ownership to sign new leases to meet market rent and increase NOI.

Exclusively Listed By

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