Vacant-User

2100 Wellspring Drive

2100 Wellspring Dr, Beaumont, TX 77705

Listing Price: $775,000

Cap Rate
12.54%
Gross SF
12,145
Price/Gross SF
$63.81
Lot Size
0.85 acres
Year Built
2012
Rentable SF
12,145

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2100 Wellspring Drive in Beaumont, Texas. The subject property consists of approximately 12,145 square feet of space and is situated on 0.85 acres of land. This Class A asset features steel construction, four overhead doors, 3-Phase 480 Volt Electrical Power, insulated walls, and a roof deck. Additionally, there is steel beaming and wall bracing to support the 5-ton crane and heavy equipment. The office area includes front reception, an open office area, a conference room, five private offices, a kitchen, a break room, and two restrooms. With potential to re-lease, the subject property is within the Port Arthur submarket which has a 4.60 percent vacancy rate. Committed to propelling growth in Southeast Texas, The Port of Beaumont has dedicated $169.2 million in funding for projects to revitalize the area. With prime access to Highway 287, this prime asset is located within an industrial park.

With an expected $54 billion in industry expansions in the coming years, Beaumonts Workforce and Professional Development organizations work tirelessly to provide a skilled workforce pipeline for the area. Beaumont is a prosperous city offering growth opportunities for any industry. A strategic location, the city is approximately 90 miles east of Houston and 60 miles west of Louisiana, providing businesses with access to more than 2.5 million people within a two-hour drive. Employment in Beaumont, Texas has been growing at an annual rate of 2.04 percent. Seven highways, three airports, multiple waterways, and railroads connect Beaumont with regional, national, and global commercial hubs, yet Beaumonts average commute time is a relatively low 18 minutes. In addition, Beaumont is the fourth most affordable city in the state of Texas and the eleventh city with the lowest cost of living in America. Major employment industries include: retail, construction, healthcare and social assistance, and manufacturing. (bmtecon.org)

As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houstons economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houstons population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.

Investment Highlights

  • Port of Beaumont Dedicated $169.2 Million in Funding For Projects To Revitalize Area
  • Class A Property With Steel Construction
  • Steal Beaming and Wall Bracing To Support The 5 Ton Crane and Heavy Equipment
  • Prime Access To Highway 287 and Located Within an Industrial Park
  • 4 Overhead Doors With 3 Phase 480 Volt Electrical Power
  • Includes Front Reception, Open Office Area, Conference Room, Five Private Offices

Exclusively Listed By

Listing Price: $775,000

Cap Rate
12.54%
Gross SF
12,145
Price/Gross SF
$63.81
Lot Size
0.85 acres
Year Built
2012
Rentable SF
12,145

Investment Highlights

  • Port of Beaumont Dedicated $169.2 Million in Funding For Projects To Revitalize Area
  • Class A Property With Steel Construction
  • Steal Beaming and Wall Bracing To Support The 5 Ton Crane and Heavy Equipment
  • Prime Access To Highway 287 and Located Within an Industrial Park
  • 4 Overhead Doors With 3 Phase 480 Volt Electrical Power
  • Includes Front Reception, Open Office Area, Conference Room, Five Private Offices

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2100 Wellspring Drive in Beaumont, Texas. The subject property consists of approximately 12,145 square feet of space and is situated on 0.85 acres of land. This Class A asset features steel construction, four overhead doors, 3-Phase 480 Volt Electrical Power, insulated walls, and a roof deck. Additionally, there is steel beaming and wall bracing to support the 5-ton crane and heavy equipment. The office area includes front reception, an open office area, a conference room, five private offices, a kitchen, a break room, and two restrooms. With potential to re-lease, the subject property is within the Port Arthur submarket which has a 4.60 percent vacancy rate. Committed to propelling growth in Southeast Texas, The Port of Beaumont has dedicated $169.2 million in funding for projects to revitalize the area. With prime access to Highway 287, this prime asset is located within an industrial park.

With an expected $54 billion in industry expansions in the coming years, Beaumonts Workforce and Professional Development organizations work tirelessly to provide a skilled workforce pipeline for the area. Beaumont is a prosperous city offering growth opportunities for any industry. A strategic location, the city is approximately 90 miles east of Houston and 60 miles west of Louisiana, providing businesses with access to more than 2.5 million people within a two-hour drive. Employment in Beaumont, Texas has been growing at an annual rate of 2.04 percent. Seven highways, three airports, multiple waterways, and railroads connect Beaumont with regional, national, and global commercial hubs, yet Beaumonts average commute time is a relatively low 18 minutes. In addition, Beaumont is the fourth most affordable city in the state of Texas and the eleventh city with the lowest cost of living in America. Major employment industries include: retail, construction, healthcare and social assistance, and manufacturing. (bmtecon.org)

As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houstons economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houstons population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.

Exclusively Listed By

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