Matthews Real Estate Services Sells Industrial Portfolio In Kilgore TX With Jack Lenihan & Kyler Bean As Brokers

A portfolio of three single tenant industrial buildings located at 1436 FM 1252 in Kilgore has been sold for $3,700,000. The buildings range in size from 14,400 to 17,800 square feet and were all built within the last 10 years. The properties were fully leased, with remaining lease terms ranging from 2 to 5 years NN. The sale closed within 2 months of listing, achieving 95% of the asking price at an 8.5% cap rate.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $3,700,000
• Market: Kilgore
• Address: 1436 FM 1252
• Square Footage: 50,000
• Price per Square Foot: $74
• CAP Rate: 8.5%

The sale was facilitated by Jack Lenihan & Kyler Bean from Matthews Real Estate Services. Their representation ensured a successful transaction for all parties involved.