ABNEY INDUSTRIAL WAREHOUSES (SEAGOVILLE, TX)

VACANT

316 W SIMONDS ROAD, SEAGOVILLE, TX 75159
Price :
$ 1,400,000
Cap Rate :
10.19%
Lot Size :
4.18 acres
Year Built :
1984/1988
Property Area :
39,621 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Subject Assets are Proximate to U.S. 175, Interstate 20 and Beltline Road
• 16 Total Drive-In Doors, Steel Construction and Finished Office Spaces
• Over 2 Acres of Fenced-In Paved Outdoor Storage Area and Room for Expansion
• Ample Amount of Parking for Tenants and Employees
• Assets are Equipped with HVAC, Security Cameras and Heavy Industrial Power

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Abney Industrial Warehouses property located at 316 West Simonds Road in Seagoville, Texas. The subject property consists of three warehouse buildings totaling 32,780 square feet and one office building totaling 6,370 square feet, all situated on 4.18 acres of land. The subject properties feature 16 total drive-in doors, steel construction, and finished office spaces. The subject assets are equipped with HVAC, security cameras, heavy industrial power, room for expansion, and ample amount of parking for tenants and employees. The property features over two acres of fenced-in paved outdoor storage area and the warehouses are proximate to U.S. 175, Interstate 20, and Beltline Road. The submarket has a tough barrier-to-entry with zero industrial properties available for lease within a five-mile radius.

Known as “The City of Opportunity,” Seagoville, Texas, offers small town living with the conveniences of the DFW metroplex just a few miles away. The local business community boasts a variety of strong small businesses and is home to national corporations such as O’Reilly Auto Parts. The Seagoville Economic Development Corporation (SEDC) works with existing and potential businesses in the areas of business expansion, relocation, retention and redevelopment through market development, as well as education and training. The primary goal of SEDC is to use funds derived from the half-cent economic development sales tax to encourage new business and to promote growth and/or retention of existing businesses, creating new employment opportunities, increasing the tax base, and improving the quality of life in Seagoville (Seagoville.us).

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

 

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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060314)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Sam Martin
(972) 755-5198
Lic # TX : 707514

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