853 Marvin A Smith |
|
| Price: | $5,750,000 |
| Property Type: | commercial_industrial |
| Status: | Active |
| MLS #: | 26001185 |
| 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. | |
| Area: | Gregg |
| Year Built: | 2023 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 11.32 |
Courtesy: Woods, Julie • Julie Woods & Associates - Longview • 903-587-5373 
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