Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5452 Hagner Road in Beaumont, Texas, anchored by Consolidated Containment. The subject property consists of approximately 27,000 square feet of warehouse and manufacturing space and is situated on 1.63 acres of land. The two-building asset features three suites, a clear height of 16’, eight drive-in doors, and metal construction. Located just off U.S. Highway 96 (U.S. Route 69/U.S. Route 287), the property has easy access to Interstate 10. With staggered leases expiring in 2025 and 2027, buyers have the opportunity to increase rental income. Established in 2015, Consolidated Containment manufactures environmental liners and secondary containment solutions primarily for the oil and gas industry.
The subject property is situated within the Beaumont submarket, containing 4.5 million square feet of industrial space largely concentrated in the oil and gas industry. With less than a month left in 2024, net absorption in Beaumont was positive on the year at 109,000 square feet and net deliveries were essentially flat at 7,000 square feet. While vacancies increased 60 basis points during Q4, the vacancy rate bucked the national trend in 2024, falling 230 basis points on the year to 5.0 percent. Despite availability tightening, annual rent growth decelerated 380 basis points in 2024 to 1.1 percent. With roughly 28,000 square feet of industrial space under construction in the Beaumont submarket, representing less than 1.0 percent of inventory, vacancies and rent growth will largely be affected by industrial demand and the overall economic environment.
Beaumont is located in Jefferson County along the Neches River and serves as the county seat. Located 85 miles east of Houston, the city is part of the Beaumont-Port Arthur metropolitan statistical area with a population of over 395,000. Beaumont is home to ExxonMobil Corporation’s largest oil refinery in the U.S. which also ranks as the third-largest refinery in the nation. The Port of Beaumont, a deep-water port located near the mouth of the Neches River, is the fourth busiest port in the United States according to the American Association of Port Authorities. The port is also the busiest military port in the world for processing United States military equipment. Beaumont is home to Lamar University, a public university that is part of the Texas State University System. The university has an estimated enrollment of 17,000 students.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0040555)
