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)
