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Beaumont, TX

Avenue A Warehouse Park

Address:
5452 Hagner Road, Beaumont, TX 77705
Property Type:
Multi Tenant
Price:
$1,300,000
Cap Rate:
8.07% cap
NOI:
$104,939
Square Feet:
24,000 sqft
Lot Size:
0.77 Acres
Price Per Square Foot:
$54.17
Year Built:
1970
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Convenient Access to Both West Port Arthur Road and Highway 287
  • Fully Occupied Multi-Tenant Industrial Property
  • Property Sits on 0.77 Acres with Dual Access Points
  • Port of Beaumont Dedicated $169.2 Million in Funding for Projects to Revitalize the Area
  • Brand New 3-Year Leases in Place with Both Superior Plant Rentals and Consolidated Containment for Immediate Income
  • Two Brand New Leases in Place for Hands-Off Investor

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5452 Hagner Road in Beaumont, Texas, fully leased to Superior Plant Rentals, LLC and Consolidated Containment. The subject property consists of approximately 24,000 square feet of space and is situated on 0.77 acres of land. The asset features seven grade-level doors and three-phase power. With convenient access to both West Port Arthur Road and U.S. Highway 287, the property is centrally located in the Beaumont submarket. In 2017, the Port of Beaumont was granted $169.2 million to revitalize the area, including the rebuild of three docks and upgrades to the Buford Rail Yard (Port of Beaumont).

Both tenants recently signed three-year modified gross leases, generating immediate income. With the landlord responsible for only taxes, the asset offers investors a hands-off investment opportunity anchored by two solid tenants. Superior Plant Rentals sells and rents specialty tools and equipment for the Oil and Gas, Mining, Heavy Construction, Shipbuilding, Aerospace, Defense, and Power Generation industries. In addition to providing custom and standard tool bits, the company manufactures cutting tools under its subsidiary Cliff ’s Bits (Superior Plant Rentals). The property’s second tenant, Consolidated Containment, manufactures durable, reliable berms and liners, along with other related products, that prevent spills from drilling, hydraulic fracturing, workover rigs, tank batteries, and other work site operations. The company also manufactures Aqua Bags, a revolutionary sandless sandbag (Consolidated Containment).

Beaumont is located in Jefferson County along the Neches River and serves as the county seat. The city is part of the Beaumont-Port Arthur metropolitan statistical area and located 85 miles east of Houston. 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. © 2021 Marcus & Millichap. All rights reserved. (Activity ID: ZAC0040394)