TITLE:
STNL LONG TERM TEXAS INDUSTRIAL
CONTROL:
Partner
VALUE:
$5,950,000
LOAN:
$1,500,000
EQUITY:
$4,450,000
TYPE:
Industrial
HAVE:
114,991 sft on 9.24 AC leased to strong regional credit tenant leased thru Jan 2031 with annual bumps and 2-5 year options. Masonry construction, 2020 TPO Roof w warranty. 15 docks. 24 ft clears. Sprinklered.
ADDRESS:
234 West Avenue L, San Angelo, Texas
BENEFITS TO NEW OWNER:
Passive, strong real estate, good market, great tenant w/ 3% annual bumps. Newer roof, new LEDs. Financeable.
GROSS SCHEDULED INCOME:
$448,464 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$448,464
EXPENSES:
$0
NOI:
$448,464
DEBT SERVICE:
$112,368
CASH FLOW:
$336,096
CAP RATE:
7.54%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,500,000
$9,364
6%
01/12/2027
No
BENEFITS SOUGHT:
Exchange into one or multiple. $6-10M total exchange.
CAN ADD:
Signature, cash from new loans, ask?
REMARKS:
LL responsible for roof and structure. Roof has warranty thru 2030 (replaced in 2020). 60 mi. TPO. 8.6% Blended Cap Over Primary Term. ~5 AC adjacent land included. Appraised at $6.15M in July 2025.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
