15,221 SF
3 acres
Built in 2019
Contact Agents
Property Documents
Share This Property
Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
PROPERTY HIGHLIGHTS
•15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres
•2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area
•(3) 5-Ton Overhead Bridge Crane
•Property Features Include: 3-Phase/Heavy Power, 22’ Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks
•Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250
INVESTMENT HIGHLIGHTS
•STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
•3.75 Years Remaining on Base Term | One, 5-Yr Option Period
•3% Annual Rent Increases Throughout Base & Option Periods | 8.52% Blended Cap Rate Over the Base Term, 9.20% Blended Cap Rate Over Total Term
•NNN Lease with Minimal Landlord Responsibilities
•This Mission Critical Location Serves as Park City Drilling’s Home Base for Operations in the Permian Basin
TX BOR: Tim Speck | License: 9002994
Key Metrics
Cap Rate Current Year:
8.15%
Price/ SF
$239.14
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829