Industrial Property Listed at 949 Gateway Drive in San Angelo
FOR SALE
$5,700,000
949 Gateway Drive, San Angelo, TX 76905
47,701 SF
Square Feet
$119
PPSF
6.90%
CAP
Property Description
NOI
$393,077
Cap Rate
6.90%
Capital Real Estate Commercial is pleased to present the opportunity to purchase a fully NNN, single tenant, industrial asset occupied by FedEx in San Angelo, Texas. FedEx has been at the property since 2016 and has just extended their lease another 5 years to 2031, showing a commitment to the subject property. FedEx has one more 5-year extension remaining from the original lease. The 8.99-acre property is located just off the intersection of North Loop 306 and US-277, on the corner of Gateway Drive and FM 380. San Angelo is located Northwest of both San Antonio and Austin, and south of Midland/Odessa.
Property Details
Asset Type
Industrial
Year Built
2016
Acres
9
Submarket
San Angelo
ZIP
76905
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$623,617
Debt Service Coverage Ratio (DSCR)
1.92x
Cap Rate
10.94%
Cash Flow (Annual)
$299,366
Cash-on-Cash Return
21.01%
Monthly Debt Service
$27,021
Annual Debt Service
$324,251
View on Map
Address
949 Gateway Drive
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San Angelo Industrial Market Snapshot
Boundary boundary · Industrial · Sale
No investors found in this market.
