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Fairfield, TX 75840,375 IH 45 N
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Fairfield, TX 75840,375 IH 45 N
Fairfield, TX 75840,375 IH 45 N
Fairfield, TX 75840,375 IH 45 N
Fairfield, TX 75840,375 IH 45 N
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Alex Armstrong

Alex Armstrong

+1(214) 295-6885
$ 1,400,000
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375 IH 45 N Fairfield, TX 75840

14,800 SqFt

UPDATED:

11/20/2024 11:08 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 14,800 sqft

Price per Sqft $94

Subdivision Fairfield

MLS Listing ID 20771071

Total Fin. Sqft 14800

Year Built 2005

Lot Size 4.000 Acres

Acres 4.0

Property Description

This 14800 s.f. industrial facility on 4 acres is positioned in a prime corridor between the Dallas Fort Worth and Houston metro areas, providing significant IH45 highway exposure with approximately 360' of frontage. The current owner will transition into a long term tenant with a signed 5 year lease that includes up front rent payment for the first six months and regular payments starting at lease commencement. This property offers a solid 9.54% cap rate, making it an excellent investment opportunity with immediate cash flow.

Location

State TX

County Freestone

Zoning agriculture

Direction Property located 2.8 miles north of Love's Truck Stop at corner IH45 and Commerce St (FM 27). Property is located on left.

Interior

Heating Other

Cooling Other

Flooring Concrete

Heat Source Other

Exterior

Utilities Available Aerobic Septic, Co-op Water

Roof Type Metal

Garage No

Building

Foundation Slab

Structure Type Metal Siding,Steel Siding

Others

Ownership Xtreme Expedited

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2024 North Texas Real Estate Information Systems.
Listed by Curtis Evans • Keller Williams Fort Worth

Alex Armstrong

Agent | License ID: 0767214

+1(214) 295-6885

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375 IH 45 N