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Forney, TX

Forney Industrial Park

10758 West Us-80 Highway, Forney, TX 75126
Property Type:
Multi Tenant
Cap Rate:
5.22% cap
Square Feet:
311,000 sqft
Lot Size:
50.06 acres
Price Per Square Foot:
Year Built:
* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • 311,000-Square-Foot Multi Tenant Warehouse Situated on 50.06 Acres
  • Highly Functional Asset: 20’-22’ Clear Height, 29 Dock-High Doors, and 26 Grade Level Doors
  • 94.37% of Rent Roll on Year-to-Year Leases with Landlord Option to Terminate Leases with Immediate Market-to-Market Upside
  • Tough Barrier-to-Entry Market: 1.30% Overall Vacancy and 6% Annual Rent Growth (CoStar)
  • Strategically Located Industrial Warehouses with Proximate Access to Major Freeways

Investment Overview

The subject 311,000-square-foot multi-tenant industrial park offers a very unique investment opportunity in the Forney industrial market where no similar acquisition has presented itself since 2015, providing the buyer an opportunity to acquire this asset in a very tough barrier-to-entry ownership market.

This highly functional asset allows for several tenant types, with multiple grade-level and dock-high doors in most of the subject buildings fitting a wide range of tenant functions to keep up with customer demand in a highly-accessible location.

With only five properties for lease within a five-mile radius of the subject property and 6 percent annual submarket rent growth, there is immediate capability of ownership to sign new leases to meet market rent and increase NOI.

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. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060619)