See Home Value
$1,391,772*
Commercial - Off Market

1901 Weil

Marion, TX 78124
bedrooms
Studio
bathrooms
0 Bath
$945,000 - $1,155,000
Reference Base Price*
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

The Subject Property is comprised of 17,455sf of leased industrial space in the City of Marion, Texas. The lease has four years remaining with three, two year options (3% rental escalation). The building was constructed in 1976 and an addition of a 4,000sf warehouse was completed/constructed in 2018. The roof was replaced on the older 10,000sf in 2016.    Tenant History: The business was established in 2016, the business grew to $2.65 million by the end of 2018. The current tenant purchased Smokin' Joes Trailers and Texas Truck Tops in May of 2019 and entered the lease. The current tenant has extensive manufacturing background in trailers as he was the one who developed and ran Hallmark brand trailers from its inception, and then Paradise trailers. Seeking an established business in the trailer industry was vital for the current tenant due to the industry need for aluminum (bolt together) type trailers to sell statewide. To date, the business has increased by 15% since the purchase in May of 2019. In spring of 2020, 3 additional employees have been acquired and have started the manufacturing portion of bolt together trailers.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$12,540
HOA Dues
-
Year Built
1976

Price History

Date / Event Date Event Price
Nov 22, 2020 No longer available -
No longer available
Nov 10, 2020 Relisted $1,050,000
Relisted
Nov 9, 2020 No longer available -
No longer available
Nov 7, 2020 No longer available -
No longer available
Oct 21, 2020 Listed $1,050,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201021
10/21/2020
Loft
-
-
$1,050,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20190724
07/24/2019
Studio
-
11943 ft²
$1,500,000
bedrooms
Studio
bathrooms
-
square feet
11943 ft²
-
-
-
-

Building Info

1901 Weil Road 1901 Weil Road, Marion, TX 78124
More about this Building
1901 Weil Road
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