For Sale | Exclusive Net-Lease Offering Memorandum

1010 Energy Drive Kilgore, TX 75662

  • 145,083 Square Feet
  • Industrial
  • For Sale

Summary Description

For Sale | 1010 Energy Drive Kilgore, TX 

Exclusive Net-Lease Offering Memorandum

Area Available: 145,083 Square Feet

Tenant Trade Name:

Closure Systems International

Price:

$8,750,000

Cap Rate:

9.0%

NOI:

$787,200

Total Square Feet:

145,083 SF

Manufacturing Square Feet:

73,000 SF

Warehouse Square Feet:

62,883 SF

Office Square Feet:

5,600 SF

Price PSF (Building):

$60.31

Price PSF (Land):

$21.97

Lot Size:

±9.22 Acres

Year Built:

2006

Lease Type:

Double Net (NN)

Lease Commence:

08/21/2006

Lease Expires:

08/20/2021

Features:

  • Double net lease with over 3 years remaining / Priced at a 9% CAP Rate on actual income / Tenant exercised their first five-year renewal option demonstrating commitment to the location
  • Tenant has a successful 12 year operating history at this building and has had their operations in the building connected to the subject property since 1985
  • CSI is a global leader in plastic closure design systems producing 90+ billion closures annually in CSI’s 25+ manufacturing sites, strategically located in 20+ countries throughout the globe.
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