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609 W Gibson St
Jasper, TX 75951

$1,397,000 USD

Distribution For Sale  •  24,449 SF

Property Details

  • Property Type Distribution
  • Total Building Size 24,449 SF
  • Lot Size 9.89 AC
  • Building Class C
  • Year Built 1995
  • Tenancy Single
0 Transit Score
35 Walk Score

Highlights

Rare Value-Add/ Owner-User/ Redevelopment Opportunity: This property offers a unique opportunity for an owner-user, investor, or developer.
The current tenant, US LBM, has 8 years remaining on their lease but has vacated the site, providing immediate flexibility.
Investors can collect cash flow while pursuing a new tenant at current market rates of $6/SF, yielding a potential 10.5% Cap Rate.
Rare Low-Coverage Facility with Substantial Outdoor Storage: ±24,449 SF facility situated on ±9.89 total acres.
The property’s expansive yard configuration supports a wide range of outdoor-intensive uses.
The layout provides significant operational flexibility and scalability in a market where large, low-coverage sites are difficult to source.
Louis Murray 310-844-9368 Matthews Real Estate Investment Services
Louis Murray 310-844-9368 Matthews Real Estate Investment Services