STERICYCLE, INC. (LANCASTER, TX)

SINGLE TENANT

945 EAST PLEASANT RUN ROAD, LANCASTER, TX 75146
Price :
$ 4,243,000
Cap Rate :
6.25%
NOI :
$ 265,205
Lot Size :
10.83 sqft
Year Built :
1982
Property Area :
126,490 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

• 126,490-Square-Foot Manufacturing Facility Situated on 10.83 Acres
• Features Seven Dock-High Doors, Heavy Power, and 18’-23’ Clear Height
• Building Contains Lab Space and a 5,000-Square-Foot Fire Rated Room
• Ample Space for Outside Storage or Expansion
• One Industrial Building for Sale within Seven Mile Radius (CoStar 100-150K SF)
• One Five Year Renewal Option at Fair Market Rate

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Stericycle, Inc. located at 945 East Pleasant Run Road in Lancaster, Texas. The subject property consists of approximately 126,490 square feet of space and is situated on approximately 10.83 acres of land. Built in 1982, the subject property features seven dock-high doors, heavy power, and 18’-23’ clear heights. The building contains lab space and a 5,000-square-foot fire rated room with ample space for outside storage or expansion. According to CoStar, there is just one 100-150k square foot industrial building for sale within a seven-mile radius of the asset.

Stericycle, Inc. was founded 25 years ago as a medical waste management start up. They now encompass compliance and sustainability services, brand protection solutions, and customer contact solutions (stericycle.com). The company services many arenas, including hospitals, pharmaceutical companies, veterinarians, dentists, government and military, and more. Committed to sustainability, Stericycle’s mission is to protect both human and environmental health.

The City of Lancaster has experienced 14 percent valuation growth in 2018 alone. With easy access to the Texas Triangle (Dallas, Austin, Houston, and San Antonio), Lancaster has access to a large and diverse labor pool and business community. Major manufacturers and logistics companies in the area include: BASF, Bentwood, Blue Bell, Brass Craft, AT&T, DART, Electrolux, Quaker, Wayfair, and Lindt.

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: ZAA0060127)

Exclusive Listing

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

Need Financing?

Learn how we can help you. Get Started

Questions?