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301 E Scott Ave

10,272 SF Industrial Building Wichita Falls, TX 76301 £430,348 (£42/SF) 6.50% Net Initial Yield

Investment Highlights

  • Well loacted

Executive Summary

The current Tenant is operating an Antique Consignment store and has a 4-year lease. The Tenant is paying $3,000 Per Month Plus NNNs with annual rent bumps of $100.00 per month starting around March 2025. Sale is Based on a 6.5% CAP Rate

Property Facts

Price £430,348
Price Per SF £42
Sale Type Investment
Net Initial Yield 6.50%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
Building Class B
Lot Size 0.81 AC
Rentable Building Area 10,272 SF
Number of Floors 1
Year Built/Renovated 1945/1985
Tenancy Single
Parking Ratio 1.85/1,000 SF
Clear Ceiling Height 14 ft
No. Dock-High Doors/Loading 3
Level Access Doors 5

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
142748
Land Assessment
£15,200
Improvements Assessment
£184,325
Total Assessment
£199,525

zoning

Zoning Code light industrial
light industrial
  • Listing ID: 27670345

  • Date on Market: 03/02/2023

  • Last Updated:

  • Address: 301 E Scott Ave, Wichita Falls, TX 76301

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