KOMPLETE PACKAGING SERVICE (GRAND PRAIRIE, TX)

SALE LEASEBACK

202 NORTH GREAT SOUTHWEST PARKWAY, GRAND PRAIRIE, TX 75050
Price :
$ 11,500,000
Cap Rate :
7.13%
NOI :
$ 820,000
Lot Size :
11.89 acres
Year Built :
1967
Property Area :
221,596 sqft
Status :
UNDER CONTRACT
MARKETING PACKAGE

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

 

Investment Highlights

  • Five-Year Absolute Net Leaseback with Komplete Packaging Service
  • 221,596-Square Foot Warehouse Asset Situated on 11.89 Acres
  • Features 28 Dock-High Doors, 22’-27’ Clear Heights, and Heavy Power
  • Fenced Lot with Ample Trailer Parking
  • Submarket Annual Rent Growth Rate of 4.97% (CoStar)
  • Centrally Located Between Dallas & Fort Worth – Ease of Access to Major Freeway System

Investment Overview

Marcus & Millichap is pleased to present the sale-leaseback opportunity to acquire the property located at 202 North Great Southwest Parkway in Grand Prairie, Texas, occupied by Komplete Packaging Group. The subject property consists of approximately 221,596 square feet of warehouse space and is situated on 11.89 acres of land. The subject property features 28 dock-high doors, 22’-27’ clear heights, and heavy power. The subject property has a fenced lot with ample trailer parking. It is centrally located between Dallas and Fort Worth with ease of access to a major freeway system. The property makes for an ideal investment with Komplete Packaging Group’s new five-year absolute net leaseback and a submarket annual rent growth rate of 4.97 percent (CoStar).

Founded in 1985, Komplete Group Inc. is a manufacturer of packaging solutions based in Grand Prairie, Texas. The company offers packaging supplies and materials, along with contract packaging services and packaging equipment. Clientele include: General Electric, American Airlines, Hitachi, Dell, American Red Cross, OfficeMax, Hyatt Regency Hotels & Resorts, UPS Stores, Best Buy, California State University, Boeing, Celestica Corporation, and Honda USA (Bloomberg.com). Komplete Packaging Group is FDA approved and AIB recognized. Their production team is CGMP Food Safety Trained (kpak.com).

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: ZAA0060364)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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