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1516 S Sycamore St
12,000 SF Industrial Building Palestine, TX 75801 $599,000 ($50/SF) 15.00% Cap Rate
Investment Highlights
- Secure Storage in fenced yard
- Total of 4 Drive- In Doors.
- Water, Sewer, and Internet are available to site.
- Located near Walmart Distribution Center & Railroad Tracks.
- Warehouses are Insulated.
Executive Summary
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$9.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,000
|
$9.00
|
| Taxes |
$6,209
|
$0.52
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,209
|
$0.52
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $9.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $9.00 |
| Taxes | |
|---|---|
| Annual | $6,209 |
| Annual Per SF | $0.52 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,209 |
| Annual Per SF | $0.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Fenced Lot
- Yard
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- LS Tractor
- Transportation and Warehousing
- -
- -
- Triple Net
- Jun 2024
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| LS Tractor | Transportation and Warehousing | - | - | Triple Net | Jun 2024 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This fully fenced warehouse features 6,000 SF with an opportunity to lease the additional 6,000 SF warehouse if desired. The warehouse features new foam insulation, new LED lighting and a secure 8 ft. chain-link fence. Each warehouse includes 240 amp electrical and 3 phase electrical connections with two drive in doors on both ends. The landlord will also build to suit a 400 sf office and bathroom space. Take advantage of its location with easy access to railroad spur lines for delivery and shipping. The lease rate of one warehouse is 6,000 NNN per month. You can lease the entire property with both warehouses for 9,000 NNN.
This fully fenced warehouse features 6,000 SF with an opportunity to lease the additional 6,000 SF warehouse if desired. The warehouse features new foam insulation, new LED lighting and a secure 8 ft. chain-link fence. Each warehouse includes 240 amp electrical and 3 phase electrical connections with two drive in doors on both ends. The landlord will also build to suit a 400 sf office and bathroom space. Take advantage of its location with easy access to railroad spur lines for delivery and shipping. The lease rate of one warehouse is 6,000 NNN per month. You can lease the entire property with both warehouses for 9,000 NNN.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1 | 6,000 SF | Industrial | Shell Space | 30 Days |
| 1st Fl - 2 | 6,000 SF | Industrial | Shell Space | 30 Days |
1st Fl - 1
| Size |
| 6,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1st Fl - 2
| Size |
| 6,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1st Fl - 1
| Size | 6,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | 30 Days |
This fully fenced warehouse features 6,000 SF with an opportunity to lease the additional 6,000 SF warehouse if desired. The warehouse features new foam insulation, new LED lighting and a secure 8 ft. chain-link fence. Each warehouse includes 240 amp electrical and 3 phase electrical connections with two drive in doors on both ends. The landlord will also build to suit a 400 sf office and bathroom space. Take advantage of its location with easy access to railroad spur lines for delivery and shipping. The lease rate of one warehouse is 6,000 NNN per month. You can lease the entire property with both warehouses for 9,000 NNN.
1st Fl - 2
| Size | 6,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | 30 Days |
This fully fenced warehouse features 6,000 SF with an opportunity to lease the additional 6,000 SF warehouse if desired. The warehouse features new foam insulation, new LED lighting and a secure 8 ft. chain-link fence. Each warehouse includes 240 amp electrical and 3 phase electrical connections with two drive in doors on both ends. The landlord will also build to suit a 400 sf office and bathroom space. Take advantage of its location with easy access to railroad spur lines for delivery and shipping. The lease rate of one warehouse is 6,000 NNN per month. You can lease the entire property with both warehouses for 9,000 NNN.
DEMOGRAPHICS
Regional Accessibility
PROPERTY TAXES
| Parcel Number | R36988 | Total Assessment | $289,690 (2024) |
| Land Assessment | $149,875 (2024) | Annual Taxes | $6,209 ($0.52/SF) |
| Improvements Assessment | $139,815 (2024) | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | Industrial (Commercial) |
| Industrial (Commercial) |
-
Cynthia Castleberry -
TXNet Properties
Presented by
1516 S Sycamore St
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