ANCHOR FABRICATION (GARLAND, TX)

SINGLE TENANT

OUT OF STATE BUYER
Lot Size :
2.72 acres
Year Built :
1969-1991
Property Area :
53,254 sqft
Status :
RECENTLY SOLD

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

 

Investment Highlights

  • Sold to California/Out-Of-State Investor; All Cash with No Re-Trade Concessions
  • 45-Day Escrow Process; 7 Total Offers
  • Included 3 Single-Tenant Sublet Warehouses with One Master Tenant
  • Previously Marketed; Off-Market Buyer Sought Price Reduction and Due Diligence Extension
  • Prepared Pricing Analysis for Seller Prior To Off-Market Offer
  • When Off-Market Deal Fell Through, Seller Ultimately Moved Forward with TAG Industrial Due to National Reach, Track Record, and High Level of Activity of Market Activity
  • Achieved Higher Price Than Off-Market Offer by Creating Competitive Environment
  • Overcame Objection of Master Tenant Vacating and Subletting Properties to Short-Term Tenants
  • Conveyed Value-Add Opportunity for Buyer to Re-Tenant Each of The Buildings at Market Rents and Sell Separately
  • Approximately 1.5 Acres of Outside Storage Area: 6 Inch Concrete, Partially Fenced, and 74 Parking Spots

 

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: ZAA0060495)

Exclusive Listing

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

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