Martex Fiber

4656 Towerwood Dr Brownsville , TX 78521-5295

Martex Fiber - Industrial for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a mission critical manufacturing and distribution facility located in Brownsville, TX. The asset is leased to Martex Fiber Southern Corporation, an international importer and exporter of textile waste, and manufacturer of repurposed fiber products. The property is considered to be integral to Martex Fibers core business operations, due to its strategic location along the U.S. Mexico International Border and its proximity to modes of distribution which include international air and the Gulf of Mexico. The property is within three miles of both the Port of Brownsville (second largest in America) and the Brownsville South Padre Island International Airport. Martex Fiber began leasing the Property in 2013 with the intention of increasing its industry market share within the Midwest and Mexican geographic markets. The tenants commitment to the asset is further strengthened by its lease fundamentals, which include an absolute NNN structure, annual rental increases, 15 years of primary remaining term, and four, five-year options to renew. This asset presents the opportunity to acquire a mission critical industrial facility with strong lease fundamentals, strategic industrial location, and a committed tenant with high renewal probability.

Investment Highlights


• Ideal international trade location
• Access to Brownsville - South Padre International Airport
• Proximate to Port of Brownsville (Second Largest in America) & SpaceX
• Active industrial development in submarket
• Rent rate 50% below market
General
Property Type Industrial
Property Subtype Flex
Tenure Type Sale / Purchase
Property Address 4656 Towerwood Dr, Brownsville, TX 78521-5295
Land In Acres 5.34
Building Size 58,418  ft2
Financial
Price $3,070,000
Cap Rate 7.00%
Current NOI $214,876.00
Lease
Tenant's Name Martex Fiber Southern Corp
Lease Type NNN
Annual Rent $214,876.00
Lease Expiration Date 10/31/2033
Remaining Term 14.5Yrs