TITLE:
STNL LONG TERM TEXAS INDUSTRIAL
CONTROL:
Partner
VALUE:
$6,000,000
LOAN:
$1,500,000
EQUITY:
$4,500,000
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. 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:
7.47%
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:
Adjacent ~4 AC parcel ($500K). Signature, cash from new loans, ask?
REMARKS:
LL responsible for roof and structure. Roof has warranty thru 2030 (replaced in 2020). 60 mi. TPO. NOI figure is based on Feb 2026 rent (Seller credit at closing for difference). 8.6% Blended Cap Over Primary Term.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
