375 IH 45 N Active Save Request In-Person Tour Request Virtual Tour
Fairfield,TX 75840
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 14,800 sqft
Price per Sqft $94
Subdivision Fairfield
MLS Listing ID 20771071
Total Fin. Sqft 14800
Year Built 2005
Lot Size 4.000 Acres
Acres 4.0
Property Description
This 14800 s.f. industrial facility on 4 acres is positioned in a prime corridor between the Dallas Fort Worth and Houston metro areas, providing significant IH45 highway exposure with approximately 360' of frontage. The current owner will transition into a long term tenant with a signed 5 year lease that includes up front rent payment for the first six months and regular payments starting at lease commencement. This property offers a solid 9.54% cap rate, making it an excellent investment opportunity with immediate cash flow.
Location
State TX
County Freestone
Zoning agriculture
Direction Property located 2.8 miles north of Love's Truck Stop at corner IH45 and Commerce St (FM 27). Property is located on left.
Interior
Heating Other
Cooling Other
Flooring Concrete
Heat Source Other
Exterior
Utilities Available Aerobic Septic,Co-op Water
Roof Type Metal
Garage No
Building
Foundation Slab
Structure Type Metal Siding,Steel Siding
Others
Ownership Xtreme Expedited
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash