Single Tenant NNN Industrial | Rare Freeport Location

1949 Victoria Lane, Freeport, TX 77541

Property Description

Price: $2,057,000
Price Per/SF: $218.83
Land Area: ±2.30 Acres
Cap Rate: 7.00%
Gross Leasable Area: ±9,400 Square Feet
Year Built: 1984

Investment Highlights

Palacios Marine & Industrial Is a Highly Respected Industrial Tenant, Generating $110+ Million in Annual Revenue and Operating 8 Locations in 3 States

3-Year Lease with No Options to Renew – Allows for Value-Add Potential for Future Landlord to Negotiate New Lease with the Tenant

Large 2.3-Acre Lot Provides Ample Space for Highly Desirable Outdoor Storage

  • E-Commerce & Recession-Resilient: Tenant’s Business Model Is Well-Suited to Thrive in Various Economic Conditions
  • Located within 1-Mile from Dow Chemical Company: Operating the Largest Integrated Chemical Manufacturing Plant in the United State
  • Deepwater Port: Located on the Gulf of America Provides Access for Large-Scale Industrial Operations and Shipping
  • Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors
  • Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including Air Liquide America, Phillips 66, Braskem, Among Others, All In Close Proximity To The Subject Property

Broker of Record: Tim Speck – License #9002994 – 5001 Spring Valley Road, Suite 1100W, Dallas, TX 75244

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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