5085 East Farm to Market 1187
- Address:
- 5085 East Farm to Market 1187, Burleson, TX 76028
- Property Type:
- Multi Tenant
- Price:
- $2,250,000
- Cap Rate:
- 7.51% cap
- NOI:
- $168,964
- Square Feet:
- 17,000 sqft
- Lot Size:
- 1.77 acres
- Price Per Square Foot:
- $132.35
- Year Built:
- 2020
-
Marketing Package*
Investment Highlights
Investment Highlights
- Fully Occupied Two-Building 17,000-Square-Foot Shallow Bay Asset Situated on 1.77 Acres
- Delivered in 2020, Featuring Metal Construction, Three Units, 18′ Clear Height, 13 Grade-Level Doors, and 30 Parking Spaces
- Strategically Positioned with Frontage Along FM 1187, 3.8 Miles to I-35W
- Anchored by Collision Repair Company Through February 2030 | Average Lease Rate of $12.92/SF, Generating 7.5% Cap Rate
Investment Overview
For sale is a fully occupied two-building 17,000-square-foot shallow-bay asset situated on 1.77 acres of land. Delivered in 2020, the building features metal construction, which provides a durable and low-maintenance exterior. The property is divided into three units, each with its own unique characteristics, and boasts 18 feet of clear height, allowing for efficient use of space. There are 13 grade-level doors, providing easy access to the units, and 30 parking spaces available for tenants and visitors. With frontage along Farm to Market 1187 (Rendon Bloodworth Road), the property is located only 3.8 miles from Interstate 35 West, a 23-minute drive southeast of downtown Fort Worth. The property’s design and layout make it an ideal location for a variety of businesses. This strategic positioning provides excellent visibility and accessibility for businesses.
The fully occupied property is anchored by a collision repair company, occupying 10,000 square feet of the property. The anchoring lease is in place through February 2030, providing a stable source of income for investors. The average lease rate for the property is $12.92 per square foot, generating a 7.5 percent cap rate. This provides a strong return on investment for property owners, making it an attractive opportunity for those looking to invest in industrial real estate.