TNT CRANE & RIGGING – PAMPA (PAMPA, TX)

SINGLE TENANT

12475 US HIGHWAY 60, PAMPA, TX 79065
Price :
$ 860,000
Cap Rate :
9.50%
NOI :
$ 79,560
Lot Size :
7.48 acres
Year Built :
2015
Property Area :
10,000 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

• Brand New Five-Year Triple-Net Lease in Place
• Attractive 2015 Metal Construction | Single-Tenant Property
• Subject Asset is Proximate to Texas Highway 152, U.S. Highway 60, and Downtown Pampa
• Over 7 Acres of Fenced Outside Storage Area
• Property Contains Five Ton HVAC Unit, 4 Grade-Level Doors, Covered Parking Area, and Finished Office Space

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 12475 US Highway 60 in Pampa, Texas, leased to TNT Crane & Rigging. The subject property consists of approximately 10,000 square feet of space and is situated on approximately 7.48 acres of land. The single-tenant asset features attractive 2015 metal construction and over seven acres of fenced outside storage area. Proximate to Texas Highway 152, U.S. Highway 60, and Downtown Pampa, the property contains a five-ton HVAC unit, four grade-level doors, a covered parking area, and finished office space. There is a brand-new, five-year triple net lease in place with TNT Crane & Rigging.

TNT Crane & Rigging began in Houston, Texas, in 1985 and is now one of the largest crane service providers in North America with 38 branches, more than 620 cranes, and a comprehensive fleet of forklifts and specialty lifts. Their services include: operated and maintained cranes, heavy rigging, specialized lifting, and transportation. TNT Crane & Rigging serves multiple locations from Texas and Oklahoma to the Atlantic Seaboard in markets including oil and gas, midstream, refining, petrochemical, power, commercial, construction, and industrial (tntcrane.com).

Located in the Panhandle of Texas in Gray County, the city of Pampa has a diverse industrial base. The industries in the area include oil and gas production, various petroleum-based industries, cattle, and grain production. There are specialized chemical and carbon black plants, as well as a carbon black research and development facility. The Pampa EDC owns and operates an industrial facility outside the city limits providing plant operation facilities, rail services, and warehousing space (cityofpampa.gov). Pampa has a strong manufacturing center and workforce, a long history of agricultural excellence, decades of oil and gas production, developing industry and alternative energy, and an overall high quality of life (papaedc.com).

 

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: ZAA0060594)

Exclusive Listing

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

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