Logan Industries HQ | 1000 Blasingame Rd
157,882 SF | Industrial Building | Hempstead, TX | $27,156,744 ($172/SF)
INVESTMENT HIGHLIGHTS
- The Property offers investors the unique opportunity to maximize leverage by assuming in-place debt at a 3.30% interest rate.
- The NNN lease features 8 years of remaining term, zero landlord responsibilities, and a corporate guaranty from Pressure Thermal Dynamics BV.
- The Property sits on an ample 12.6-acre site, providing long term upside and expansion opportunities for the tenant and landlord.
- Logan Industries is a world leader in the manufacturing and repair of large and custom hydraulic equipment systems for a range of industries.
- With rare annual rent increases tied to CPI, Logan offers investors a long-term passive investment with escalating cash flow.
- In 2020, Logan completed a new 50,000 SF expansion, and extended their lease term by an additional 10 years, reinforcing their commitment to the site.
EXECUTIVE SUMMARY
CALL FOR OFFERS: Wednesday, March 1
PROPERTY FACTS
Price
$27,156,744
Rentable Building Area
157,882 SF
Price Per SF
$172
No. Stories
1
Sale Type
Investment NNN
Year Built/Renovated
2009/2020
Property Type
Industrial
Tenancy
Single
Property Subtype
Warehouse, Industrial Manufacturing
Parking Ratio
0.73/1,000 SF
Building Class
B
Opportunity Zone
Yes
Lot Size
12.64 AC
AMENITIES
- Fenced Lot
- Monument Signage
TRANSPORTATION
FREIGHT PORT
Port of Houston - 78 min drive - 61.7 mi
RAILROAD
SOUTH COAST TERMINALS, L.P.-HOUSTON-TX-3730FM 196 - 55 min drive - 41.9 mi
