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1605 Cottonwood
52,000 SF Vacant Industrial Building Bay City, TX 77414 £3,090,678 (£59/SF) 11.18% Net Initial Yield
Investment Highlights
- New roof with foam insulation.
- Climate controlled storage (4 new 15 ton units).
- Total repaint - interior and exterior.
- All new electrical (600 Amp service).
- Dock high with ramp access.
- Camera security system with remote viewing.
Executive Summary
Property Facts
| Price | £3,090,678 | Rentable Building Area | 52,000 SF |
| Price Per SF | £59 | Number of Floors | 1 |
| Sale Type | Investment | Year Built/Renovated | 1967/2023 |
| Net Initial Yield | 11.18% | Clear Ceiling Height | 18 ft |
| Property Type | Industrial | No. Dock-High Doors/Loading | 5 |
| Property Subtype | Warehouse | Level Access Doors | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 2.07 AC |
| Price | £3,090,678 |
| Price Per SF | £59 |
| Sale Type | Investment |
| Net Initial Yield | 11.18% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.07 AC |
| Rentable Building Area | 52,000 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1967/2023 |
| Clear Ceiling Height | 18 ft |
| No. Dock-High Doors/Loading | 5 |
| Level Access Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Raised Floor
- Storage Space
Utilities
- Lighting - Mercury
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Will subdivide. 3,000 SF of office and 34,000 SF of warehouse available. December 1st,2024 all 49,000 SF of warehouse and 3,000 SF of office will be available.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 52,000 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 52,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 52,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Will subdivide. 3,000 SF of office and 34,000 SF of warehouse available. December 1st,2024 all 49,000 SF of warehouse and 3,000 SF of office will be available.
PROPERTY TAXES
| Parcel Number | 41207 | Improvements Assessment | £1,405,593 |
| Land Assessment | £81,062 | Total Assessment | £1,486,655 |
PROPERTY TAXES
zoning
| Zoning Code | None |
| None |
-
David Cottrell - David Cottrell Investments
Presented by
David Cottrell Investments
1605 Cottonwood
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