853 Marvin A Smith, Kilgore, Texas

$5,750,000
Active
853 Marvin A Smith, Kilgore, Texas
853 Marvin A Smith, Kilgore, Texas
853 Marvin A Smith, Kilgore, Texas
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Property Details

MLS ID: 26001185
Status: Active
Price: $5,750,000
Acres: 11.32±
Address: 853 Marvin A Smith
City, State: Kilgore, TX
County: Gregg County
ZIP Code: 75662
Lat/Long: 32.44515, -94.83084

Description

Income-producing industrial investment property in Kilgore, TX, leased long-term to Bishop Lifting under a NNN-style lease.This modern pre-engineered metal building (PEMB) totals approx. 36,000 SF, featuring 6,000 SF of Class A office space and30,000 SF of shop/warehouse space with 26' eave height and (4) 10-ton bridge cranes. The facility sits on a large, usable sitewith ample stabilized yard area for equipment, laydown, and truck circulation, with convenient access to I-20 and major East Texas industrial markets. The property generates a current annual NOI of approximately $396,000, with contractual rent escalations in place and lease term extending through 2034, providing predictable cash flow and built-in income growth. Single-tenant occupancy, a strong industrial user, and a highly functional crane-served design make this an attractive option forinvestors seeking passive income, 1031 exchange placement, or a long-term industrial NNN hold in the East Texasmarket. Contact listing agent for full lease details, financials, and offering package.

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Andy Flack

Andy Flack

HomeLand Properties, Inc.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.

Listed By: Julie Woods of Julie Woods & Associates - Longview - (903) 587-5373