ATCO STRUCTURES AND LOGISTICS USA INC. (DIBOLL, TX)
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• 97,148-Square Foot Manufacturing Asset Situated on 18.61 Acres
• Highly Functional Asset Featuring 18’ Clear Heights, Ten Grade Level Doors, and Metal Construction
• Excess Land for Further Development and Outside Storage
• Below Market Rent with Leases Expiring Soon Creates Lease Up Opportunity if Tenant Decides To Vacate In The Future
• Strategically Located Industrial Warehouse with Proximate Access to Major Freeways
• Real Estate Includes ATCO Group (Founded In 1947), A Global Gas Industry Tenant With 5 Locations Strategically Located Around The United States
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1106 North Temple Drive in Diboll, Texas, leased to ATCO. The subject manufacturing property consists of approximately 97,148-square feet of space and is situated on 18.61 acres of land. The asset is highly functional, featuring 18’ clear height, ten grade-level doors, and metal construction. The below market rent and leases expiring soon creates a lease-up opportunity for an investor if the tenant decides to vacate. This strategically located industrial warehouse has proximate access to major freeways, excess land for further development, and outside storage. The ATCO Group (founded in 1947) is a global gas industry tenant with five locations strategically located around the United States.
With diverse products and services across many industries, ATCO is a one-stop provider of integrated energy, housing, transportation and infrastructure solutions. The company provides customers with innovative, sustainable solutions in the sectors that are fundamental to global growth and prosperity: housing, real estate, energy, water, transportation and agriculture. From the delivery of efficient and reliable energy for homes, businesses and communities, to affordable temporary and permanent buildings, ATCO builds communities, energizes industries and delivers customer-focused solutions like no other company in the world. Fueled by a team of approximately 6,500 people worldwide, ATCO offers comprehensive solutions and service excellence in: Structures & Logistics, Utilities, Energy Infrastructure, Transportation, and Commercial Real Estate. Over the course of their 70-year history, ATCO has worked in more than 100 countries around the world developing integrated solutions. (atco.com)
Located in the Lufkin market, the asset lies in an area that serves as a hub for Deep East Texas and Angelina County. At approximately 40,000 in population with around a 100,000 day-time population, Lufkin is the largest community between Tyler in northeast Texas and Houston on the Texas Coast and is conveniently equidistant to both. Lufkin is located at the junction of Hwy 69 and Hwy 59 and bisected by Hwy 103 which connects East Texas to Natchitoches and central Louisiana. Additionally, long term transportation plans will provide even better access to and from Lufkin as it is a planned HUB of the new Trans-Texas Corridor 69 project as well as a major expansion of the Hwy 103 “El Camino Real Hwy.” Unlike other comfortably small communities, Lufkin is also home to both award-winning mass transit and municipal airports. Lufkin also lies within a Foreign Trade Zone. (lufkinedc.com) Industrial rents in the Lufkin Market are rising at a 2.3 percent annual rate during the fourth quarter of 2020, and have posted an average annual gain of 4.5 percent over the past three years. While 7,500-square feet has delivered over the past three years, nothing is currently underway. (CoStar)