ADVANCED FIXTURES, INC. (GREENVILLE, TX)

SALE LEASEBACK

4410 ED RUTHERFORD ROAD, GREENVILLE, TX 75401
Price :
$ 1,350,000
Cap Rate :
9.42%
NOI :
$ 127,200
Lot Size :
3.01 acres
Year Built :
1985
Property Area :
41,936 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

• Seller Reports $700,000 Worth of Improvements Including: New Roof, Electrical Work, Overhead Doors & Re-Skinned Exterior
• Office & Bathroom Remodel Completed 2018: Floors, Paint, Lighting & Fixtures
• The Subject Property is Located Within an Opportunity Zone
• Proximate to U.S. Route 380 & Highway 66
• Ample Amount of Parking & Outdoor Storage
• Seller is Committed to a Eighteen Month Lease

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Advanced Fixtures, Inc. property located at 4410 Ed Rutherford Road in Greenville, Texas. The subject property consists of an approximately 41,936-square foot metal building and is situated on 3.01 acres of land. Built in 1985, the subject property underwent an office and bathroom remodel in 2018, consisting of floors, paint, lighting, and fixtures. The seller reports $700,000 worth of improvements to the property, including a new roof, electrical work, overhead doors, and a re-skinned exterior. Located within an Opportunity Zone, the asset is proximate to U.S. Route 380 and Highway 66. The seller is committed to an eighteen month lease.

Founded in 1983, Advanced Fixtures, Inc. provides rapid prototyping, value engineering, photorealistic 3D renderings, story board presentations with materials and finishes, and detailed shop drawings and fixture manuals. The company has two facilities, 150 employees, and over 175,000 square feet of production capability (advancedfixtures.com). Committed to their local and national partnerships including: Habitat for Humanity, Frisco Family Services, Boys & Girls Clubs of Collin County, United Way Foundation, PetSmart Charities, Epilepsy Foundation, and Carter Blood Care.

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 areas 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: ZAA0060043)

Exclusive Listing

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

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