Now FOR SALE or SUBLEASE | ±124,000 SF Office/Industrial | Longview, TX
Market Price
320 East Methvin Street & 325 East Tyler Street, Longview, TX 75601
8
Cap Rate
751,783
NOI
Details:
Description:
DWG Capital Group is pleased to present 320 East Methvin Street & 325 East
Tyler Street, Longview, TX 75601, a superior acquisition and repositioning
opportunity consisting of ±124,417 SF of industrial/office improvements plus an
additional ±53,195 SF concrete lot. Formerly utilized as a corporate headquarters
and industrial campus, the property is now available for lease or sale, creating a rare
opportunity for investors, owner-users, relocation groups, or industrial operators to
acquire a functional infill campus significantly below replacement cost. Based on
projected market rents of approximately $6.00–$8.00/SF NNN, the property
could support approximately $746K–$995K of stabilized NOI, equating to an
implied value range of approximately $10.3M–$13.7M at a 7.25% cap rate.
At projected new market rents ranging
from $6.00–$8.00/SF NNN, the property
supports approximately $746K–$995K of
annual NOI, equating to an implied
value range of approximately $10.3M–
$13.7M at a 7.25% cap rate.
Assuming just 2.0% annual NOI growth,
the asset could support an estimated
future value of approximately $11.8M–
$16.3M within 5–7 years at a 7.0% exit
cap rate.
Turnkey corporate headquarters + industrial
campus (now available for lease or sale) Below
replacement cost at just $75/SF vs $150-175/SF.
Texas tax advantages with zero state income
tax Prime downtown location with rail and
highway access.
Two-building East Texas industrial campus
totaling 124,417 SF plus a 53,195 SF concrete
lot.
Industrial site with dock-high loading, high
power, ample parking, and core market access.
1 Space Available
323-325 East Tyler Street Unknown Sub Type
Documents:
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MRM_CMG_-_Longview__TX_-_124_417_SF.pdf
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Location
Gallery