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1170 107th StreetGrand Prairie, Texas 75050
M I C H A E L S TA N Z E L , S I O R
E X E C U T I V E V I C E P R E S I D E N T I P R I N C I PA L
2 1 4 . 4 6 0 . 6 0 8 5 M O B I L E
2 1 4 . 2 5 6 . 7 1 2 2 D I R E C T
M S TA N Z E L . R O B E R T LY N N . C O M
PAT R I C K E M B RY
V I C E P R E S I D E N T
2 1 4 . 6 9 3 . 9 3 0 7 M O B I L E
2 1 4 . 2 5 6 . 7 1 3 7 D I R E C T
P E M B RY. R O B E R T LY N N . C O M
O F F E R I N G M E M O R A N D U M
P R E S E N T E D B Y:
2
Disclaimer
This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this Offering Memorandum. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient of this Offering Memorandum. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Offering Memorandum, the information contained herein or any
other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers.
Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived.
3
04 Section 01 Executive Summary
05 Section 02 Property Summary
08 Section 03 Area and Demographics
10 Section 04 Financials and
Table ofContentsTable of Contents
Tenant Information
4
1170 107th StreetGrand Prairie, Texas 75050
Executive Summary
Address1170 107th Street
Grand Prairie, Texas 75050
Year Constructed2018
Property DescriptionFreestanding Warehouse
Gross Leasable Area2,700 SF
Price$825,000
Cap Rate8.94%
Land Parcel1.27 Acres
TenantsBlastPro Manufacturing, Inc.
Cardinal Logistics Management Corporation
Guardian Power Cleaning of Dallas, Inc.
Total Annual Net Rent$73,775
52Property
PropertySummary
6
Property Site Plan
2PropertySummary
7
• 2,700 SF Building Developed in 2018• + 13’3” - 14’ Clear Height• 10’ x 12’ Grade Level Door with Electric Motor• Power (± 200A/240V/3Ø/4W)• Yard Secured by Perimeter Fence & Screened by
Masonry Wall Along 107th Street & E Avenue J• Electric Rolling Gates Provide Access from 107th Street & E Avenue J• Situated on ± 1.27 Acres of Land• Zoning: Light Industrial (LI)
Property Information
PropertySummary
Location1170 107th StreetGrand Prairie, Texas 75050
SubmarketGreat Southwest/Arlington
Land± 1.27 Acres
Building Size± 2,700 SF
Parking12 Spaces
Year Built2018
Occupancy100%
Clear Height13’3” - 14’
Loading10’x12’ Grade Level Door with Electric Motor
ConstructionTilt-up Concrete
Taxes (2018)Tarrant County .594499%City of Grand Prairie .669998%Arlington ISD 1.36867 %Total 2.633167%
Building Dimensions61’5” Depth x 45’2” Width
83Area & Demographics
9
2
SITE1
07
th S
t
E Avenue J
E Avenue H
N
SITE
Area & Demographics
Maps
104Financials andTenant Information
11
THE PROPERTY
PROPERTY SUMMARY
PRICE
INCOME (2019 Budget at Current Occupancy)
EXPENSES (2019 Budget at Current Occupancy)
Investment Overview
1170 107th StreetGrand Prairie, Texas 75050
Property Type:
Building Size:
Land:
Number of Stories:
Year Built:
Occupancy:
Sale Price:
CAP Rate:
Annualized RentalOccupied Space:Expense Reimbursements:Gross Income:
Expenses:
Net Operating Income
Real Estate Taxes:Insurance:CAM:
Total Expenses
Warehouse
2,700 SF
1.27 Acres
1
2018
100%
$825,000
8.94%
$73,775$15,930 $89,705
$15,930
$73,775
$ 7,319$ 2,855 $ 5,756
$15,930
( )
Financials andTenant Information
12
Rent Roll4 Financials and
Tenant Information
Square RecoverySuite Tenant Name Feet Begin End Begin Monthly Annually PSF Type Comments/Options
Building BlastPro Manufacturing, Inc. 2,700 Dec‐18 Nov‐21 Current 1,800$ 21,600$ 8.00$ NNNDec‐19 1,856$ 22,275$ 8.25$ Dec‐20 1,913$ 22,950$ 8.50$
Yard (A) 18,000 Feb‐19 Feb‐22 Current 2,500$ 30,000$ 1.67$ GrossMar‐20 2,600$ 31,200$ 1.73$ Mar‐21 2,700$ 32,400$ 1.80$
Yard (B) Guardian Power Cleaning of Dallas, Inc. 4,000 Apr‐19 Mar‐21 Current 2,000$ 24,000$ 6.00$ NNNApr‐20 2,100$ 25,200$ 6.30$
TotalsOccupancy 100% Dec‐19 Nov‐20 73,775$ NNN Excluding $4,200 for Cardinal OpEx
Real Estate Taxes 7,319$ Insurance 2,855$ CAM 5,756$
15,930$
BlastPro Manufacturing, Inc. 8,100$ 675$ Cardinal Logistics 4,200$ 350$ Guardian 3,630$
15,930$
Sale Price $825,000Cap Rate 8.94%
Lease Term Rental Rates
Two 3‐year renewal options @ FMV, 8% cumulative‐compounding cap on Controllable OpEx
Allocate $350 per month for OpEx
Includes storage shed at northeast corner of property
Cardinal Logistics Management Corporation
13
BlastPro Manufacturing
Oklahoma City, OK United States www.blastpro.com
Cardinal Logistics
Concord, NC, United States www.cardlog.com
Guardian Power Cleaning of Dallas, Inc.
Dallas, TX United States www.guardiandallas.com
Description In 1969 R.T. Nelson Painting Service, a large industrial painting contractor, was painting the interior of the Western Electric plant in Oklahoma City, OK where R. T. Nelson watched steel beams being cleaned in a stationary shotblasting machine. R.T. was impressed by the level of cleanliness achieved through shotblasting as well as the lack of cleanup required as compared to open blasting. R.T. realized that a portable shotblasting machine would be an ideal surface preparation tool. BlastPro® is privileged to be the only portable shotblasting equipment manufacturer to use Jim Goff’s patented RimLoc blastwheel system in its portable shotblasting equipment and manufactures the highest quality portable shotblasting equipment on the market today. The RimLoc blastwheel technology greatly increases the productivity of portable shotblasting equipment while lowering maintenance costs and decreasing downtime. There is no doubt that BlastPro is manufacturing superior portable shotblasting equipment.”
Description In 1997, Vin McLoughlin and Tom Hostetler recognized the need for a third-party logistics company focused on dedicated contract carriage. With the goal of providing customers the best resources and flexibility to efficiently manage their supply chains, they assembled a team of logistics experts and formed Cardinal Logistics Management as a privately-held corporation in July 1997. Cardinal’s expertise, innovation and intent focus on customer satisfaction set the company apart from other third-party logistics providers in the dedicated segment. Cardinal quickly experienced significant growth as its service offerings and customer base expanded to include construction and building materials, retail, JIT manufacturing support, recycling, food and beverage, bulk transport, and now offering dedicated technology solutions as Software as a Service (SaaS). Cardinal and Greatwide integrated their dedicated business in 2013, creating one of the largest, most diverse dedicated fleet operations in the country. Cardinal has transformed into a sophisticated logistics partner maintaining its core values of flexibility, customer service and customized technology. With operations throughout the United States and Puerto Rico, Cardinal is quite a success story. Cardinal employs 4,000 drivers and staff, and each member of the Cardinal team plays a vital role in continuing to take our organization to the next level.
Description Founded in 1945, Guardian Services has been providing professional kitchen exhaust cleaning services to thousands of hotels, restaurants, clubs, schools, hospitals, and franchises. A founding member of the International Kitchen Exhaust Cleaning Association (IKECA), Guardian has led through industry activism and involvement. In the 1970’s, Guardian began providing residential and commercial customers with HVAC duct and system cleaning and restoration services. An active member of the National Air Duct Cleaning Association (NADCA), we have multiple certified personnel on staff ready to handle any size project. Recently, Guardian has added Cooling Tower cleaning and restoration to its line of commercial services. Since its inception, Guardian has remained a locally owned and operated business with strong ties to the community.
4 Financials andTenant Information
14
11-2-2015
Information
AboutBrokerageServices
Texas law requires all real estate license holders to give the follow
ing informa
on about brokerage services to prospec
ve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICEN
SE HOLDERS:
.•
A BROKER is responsible for all brokerage ac
vies, including acts perform
ed by sales agents sponsored by the broker. •
A SALES AGENT m
ust be sponsored by a broker and works w
ith clients on behalf of the broker.
A BROKER’S M
INIM
UM
DUTIES REQ
UIRED BY LAW
(A client is the person or party that the broker represents): •
Put the interests of the client above all others, including the broker’s own interests;
• Inform
the client of any material inform
aon about the property or transac
on received by the broker; •
Answer the client’s ques
ons and present any oer to or counter-o
er from the client; and
• Treat all par
es to a real estate transacon honestly and fairly.
A LICENSE HO
LDER CAN REPRESEN
T A PARTY IN A REAL ESTATE TRAN
SACTION
:
AS AGENT FO
R OW
NER (SELLER/LAN
DLORD): The broker becom
es the property owner's agent through an agreem
ent with the ow
ner, usually in a w
rien lis
ng to sell or property managem
ent agreement. An ow
ner's agent must perform
the broker’s minim
um du
es above and m
ust inform the ow
ner of any material inform
aon about the property or transac
on known by the agent, including
informa
on disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FO
R BUYER/TEN
ANT: The broker becom
es the buyer/tenant's agent by agreeing to represent the buyer, usually through a w
rien representa
on agreement. A buyer's agent m
ust perform the broker’s m
inimum
dues above and m
ust inform the buyer of any
material inform
aon about the property or transac
on known by the agent, including inform
aon disclosed to the agent by the seller or
seller’s agent.
AS AGENT FO
R BOTH - IN
TERMEDIARY:
To act as an intermediary betw
een the pares the broker m
ust rst obtain the w
rien
agreement of each party to the transac
on. The wri
en agreement m
ust state who w
ill pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga
ons as an intermediary. A broker w
ho acts as an intermediary:
• M
ust treat all pares to the transac
on impar
ally and fairly; •
May, w
ith the pares' w
rien consent, appoint a di
erent license holder associated with the broker to each party (ow
ner and buyer) to com
municate w
ith, provide opinions and advice to, and carry out the instrucons of each party to the transac
on. •
Must not, unless speci
cally authorized in wri
ng to do so by the party, disclose: that the ow
ner will accept a price less than the w
rien asking price;
that the buyer/tenant will pay a price greater than the price subm
ied in a w
rien o
er; and any con
denal inform
aon or any other inform
aon that a party speci
cally instructs the broker in wri
ng not to disclose, unless required to do so by law
.
AS SUBAGEN
T: A license holder acts as a subagent when aiding a buyer in a transac
on without an agreem
ent to represent the buyer. A subagent can assist the buyer but does not represent the buyer and m
ust place the interests of the owner
rst.
TO AVO
ID DISPUTES, ALL AGREEM
ENTS BETW
EEN YO
U AN
D A BROKER SHO
ULD BE IN
WRITIN
G AND CLEARLY ESTABLISH:
• The broker’s du
es and responsibilies to you, and your obliga
ons under the representaon agreem
ent. •
Who w
ill pay the broker for services provided to you, when paym
ent will be m
ade and how the paym
ent will be calculated.
LICENSE HO
LDER CON
TACT INFO
RMATIO
N: This no
ce is being provided for informa
on purposes. It does not create an obligaon for
you to use the broker’s services. Please acknowledge receipt of this no
ce below and retain a copy for your records.
Licensed Broker /Broker Firm N
ame or
Primary Assum
ed Business Nam
e License N
o. Em
ail Phone
Designated Broker of Firm
License No.
Phone
Licensed Supervisor of Sales Agent/Associate
License No.
Phone
Sales Agent/Associate’s Nam
e License N
o. Em
ail Phone
Regulated by the Texas Real Estate Comm
ission
Buyer/Tenant/S
eller/Landlord Initials
Informa
on available at ww
w.trec.texas.gov
IABS 1-0
Date
Robert Lynn C
ompany
Mark M
iller, SIO
R
Mark M
iller, SIO
R
Michael S
tanzel, SIO
R
405391
393389
393389
510696
mm
214-256-7100
214-256-7100
214-256-7100
214-256-7100
mm
mm
mstanzel@
robertlynn.com
15
M I C H A E L S TA N Z E L , S I O R
E X E C U T I V E V I C E P R E S I D E N T I P R I N C I PA L
2 1 4 . 4 6 0 . 6 0 8 5 M O B I L E
2 1 4 . 2 5 6 . 7 1 2 2 D I R E C T
M S TA N Z E L . R O B E R T LY N N . C O M
PAT R I C K E M B RY
V I C E P R E S I D E N T
2 1 4 . 6 9 3 . 9 3 0 7 M O B I L E
2 1 4 . 2 5 6 . 7 1 3 7 D I R E C T
P E M B RY. R O B E R T LY N N . C O M
O F F E R I N G M E M O R A N D U M
P R E S E N T E D B Y:
