FM 2105 - Office/WHSE For Sale/Lease

Industrial for Sale
Catylist Listing ID: 30208864
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Mixed Use, Warehouse/Distribution, Other
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.50 - 5.70 Acres
Sale Price: $850,000
Unit Price: $113.33 PSF
Ceiling: 22 ft.
Docks/Doors: 4 Doors
Office SF: 1,250 SF
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Producers
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/27/2018

Overview / Comments

FOR SALE/LEASE - Currently 3 buildings available (Actual Address 6755,
6822 & 6821 Spindle Top) - Each contain 6,250 sqft (50X125) metal
fabricated buildings on fenced 2.5-5 acre tracts fronting Spindle Top. The
typical build out consists of reception, 4 offices, conference room and
break/restroom areas. There is also decking above the office space for
additional storage. Currently the existing buildings are in shell condition
except for 6755 which was former Producers. The warehouse has 22' eave
height and 4 overhead doors, blown insulation and is stubbed for utilities,
no additional finish out at this time. 5" slab, 5,000 psi rating. Engineered
by SSI out of Odessa. Engineered for 5 ton crane(not included in price). Crane estimated cost adds $50K. 3 Phase-440amp. 750 gallon septic, 15 panel permitted by Landers.

Former Producers (6755 Spindle Top) includes a 2nd floor of office space giving a total size of 7,500 sqft, crane in place, wash bay installed and a total of 5 acres fenced with base. This property is sold for $850,000, can lease as well.

Pricing - 3 Existing Warehouses - 6,250 sqft on 2.5 acres:
- For Lease - $15 psf/NNN, 5-7 year lease - Building delivered Turn-Key
- For Sale - $350,000 As-Is shell condition or $700,000 completed per plans
- Former Producers (6755 Spindletop) is sold for $850,000. 6755 Spindletop is priced higher due to wash bay, additional yard with base, crane installed and 2nd floor office.

Additional Details

Nearest MSA: San Angelo
County: Tom Green
Taxing Authority: Tom Green
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2017
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame, Stone
Parking Type: Surface
Parking Description: Asphalt in front of main entry, caliche base throughout fenced yard.
Overhead Cranes: 1
Amps: 480
X-Phase: 3
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Typical floor plan includes 1250 sqft on ground floor with decking for storage above, 6755 actually has a complete office build out upstairs to add 5 offices and additional restroom.
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,258 9,448 38,367
Median Age: 43.53 35.86 34.93
Households: 470 3,524 14,170
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