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Map
$1,391,772*
●
Commercial -
Off Market
1901 Weil
Marion, TX 78124
Studio
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/21/2020
|
|
Loft
|
-
|
-
|
$1,050,000
Loft
-
|
-
-
|
-
|
-
|
07/24/2019
|
|
Studio
|
-
|
11943 ft²
|
$1,500,000
Studio
-
11943 ft²
|
-
-
|
-
|
-
|