17332 Gaffield, Justin, Texas

Description

Brand-new mini industrial park featuring 6 buildings totaling 36,000 sq ft, each 6,000 sq ft and divisible into up to four 1,500 sq ft units per building, for a total of 24 flexible industrial, flex bays. Developer will build to suit, offering tenants customized layouts. The project is now pre-leasing, with triple-net lease terms at $12 per sq ft base rent plus $4 per sq ft NNN, for an all-in asking rate of $16 per sq ft annually, which is in line with current small-bay, flex industrial asking rents in many Texas markets. Combined with the low-maintenance design, gated security, and projected gross income of $500-$540,000 at full occupancy, this mini park represents an attractive NNN industrial investment opportunity in a modern, secure setting. Still under construction.

Directions: FM 156 aka Blue Mound Rd to Gaffield Rd to property on the left