2975 Discovery Blvd
Rockwall, TX 75032

Marcus & Millichap is pleased to present the opportunity to acquire the Col-Met Engineered Finishing Solutions property located at 2975 Discovery Boulevard in Rockwall, Texas. Located in the fastest-growing submarket in Northeast Dallas (1.90 percent vacancy rate), the subject manufacturing facility consists of approximately 145,375 square feet of space and is situated on approximately 12 acres of land. Built in 2015, the newly constructed Class A property features strong functionality with 30’ clear height, six dock-high doors, and three drive-in docks. Tenant is committed to a new 10-year absolute triple net lease, due to commence upon close of escrow. The asset is priced below replacement cost of land and construction, in addition to a below-market rent commitment at $4.54 per square foot, making the opportunity risk-adverse to competing new properties in the submarket and giving ease of certainty that the committed rent would be readily replaceable given an overall market rent of $7.00 per square foot reported by CoStar Analytics.