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10020 S Georgia St
Amarillo, TX 79118

SRS Distribution · Industrial Property For Sale

PROPERTY FACTS

Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 3.47 AC
Rentable Building Area 17,004 SF
No. Stories 1
Year Built 2008
Tenancy Single
Parking Ratio 1.82/1,000 SF
No. Drive In / Grade-Level Doors 8

About 10020 S Georgia St , Amarillo, TX 79118

- Building Features + Synergy – The subject property offers 17,004 SF on 3.47 acres (11% Coverage Ratio). The site’s set up features excellent synergy for - SRS Distribution offering a large lot for outside storage and maneuverability. The 8 ground level doors allow SRS to back their flatbed trucks into the warehouse and enable loading and unloading from multiple sides. - Leased to a Rapidly Growing Company – SRS Distribution is the largest privately-held roofing distributor in the U.S. Ever since Leonard Green Partners acquired a majority share ownership from Berkshire Partners for $3 Billion in 2018; SRS has grown exponentially from 200 locations to 270 locations to date. - Passive increase in return – SRS Distribution is in their second option featuring a 7.90% cap rate with a 3% rental increase year over year and an average cap rate of 8.30%. - Strong Economical Foundation – Amarillo is the 14th-most populous city in the state of Texas, United States. It is also the largest city in the Texas Panhandle, and the seat of Potter County. A portion of the city extends into Randall County. The estimated population was 199,826 as of 2017.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-073-2600-1300-0
Land Assessment
$113,365
Improvements Assessment
$1,675,230
Total Assessment
$1,788,595

zoning

Zoning Code LI
LI
  • Listing ID: 16979903

  • Date on Market: 8/20/2019

  • Last Updated:

  • Address: 10020 S Georgia St, Amarillo, TX 79118

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