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4333 Oil Belt Ln

Abilene, TX 79605

$1,719,310

Industrial For Sale  •  24,000 Sq Ft

Property Details

  • Property Type Industrial
  • Total Building Size 24,000 Sq Ft
  • Lot Size 1.86 ac
  • Building Class C
  • Year Built 1974
  • Cap Rate 7.25 %
  • Tenancy Multiple
0 Transit Score
34 Walk Score

Description

Growing Cash Flow- Fergusons’ lease has a 6.3% scheduled increase on 9/1/2019 for the remainder of the initial term
Passive Lease- Landlord responsibilities are only exterior, roof, structure, and HVAC replacement 
Great Freeway Access- Located directly off Interstate-18 making it ideal for industrial suppliers. 
Industrial Components- Building features 18ft clear height, 7-grade level docks, ± 20,000 SF fenced yard

Highlights

Attractive Return- Deal is offered at a 7.25% Cap rate.
Extremely Functional Building - 24,000SF with 7 docks on 1.86 Acres
Long Operating History- Batesville has been at this location for over 20 years
Strong National Companies- Ferguson has a revenue of $15B annually with Hillenbrand generating $1.6B

Property Flyers

Financial Summary

Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Ferguson

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Karter Stone 949-432-4519 Matthews Real Estate Investment Services
Karter Stone 949-432-4519 Matthews Real Estate Investment Services