Flowserve

Kerry “Twin” Thomas Dr. & Eldridge Drive - Port Arthur TX 77640

LTV (Loan to Value)	65.00%	Current NOI	$188,766.00
Interest Rate	4.250%	Capital Rate	7.500%
Fixed Term	10 Years	Land Area	2.00 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,635,973.95	Property Type	Industrial
Payment	$8,862.69	Property Lease	Warehouse
Bulding Size	15,000 SF	Remaining Terms	10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors an opportunity to purchase an industrial property leased to Flowserve US, Inc. in Port Arthur, Texas.Port Arthur is a city in Jefferson County within the Beaumont-Port Arthur MSA and is in the early stages of an economic boom fueled by the recent growth in both the energy industry and the Houston Ship Channel. Exxon Mobil and Qatar Petroleum have partnered to develop a $10 Billion Liquefied Natural Gas liquefaction facility just south of Port Arthur that is expected to generate over 45,000 direct and indirect jobs across the United States. The property is situated within a dense industrial corridor with surrounding tenants including Knife River, Siddons-Martin, MPW Industrial Services, DCP Midstream, J.Z. Russell Industries, Tyco, Dessellle-Maggard Corporation, Reliable Polymer Services, EPI, Sitel, Absolute Pipeline Maintenance, and Triangle among others.

Highlights

NN Lease – Landlord responsible for roof, structure, foundation and parking lotTerm and Options - Brand new ten (10) year…

Property Description

Port Arthur is a city in Jefferson County within the Beaumont-Port Arthur MSA in the state of Texas. The population was 53,818 at the 2010 census.Port Arthur is in the early stages of an economic boom. Several large energy industry infrastructure projects are proposed and underway including the Golden Pass LNG liquefaction facility in Sabine Pass, Texas, just south of Port Arthur.Home to a large portion of the United States’ refining capacity, Port Arthur is now seeing renewed investment in several key installations. Motiva Enterprises is undertaking a major addition to its western Port Arthur refinery, expanding capacity to 600,000 barrels per day (95,000 m3/d). This $10.0 billion project is the largest US refinery expansion to occur in 30 years. Premcor Refining (now Valero) recently completed a $775 million expansion of its petrochemical plant, and BASF/Fina commenced operations of a new $1.75 billion gasification and cogeneration unit on premises of its current installation, which had just completed its own $1 billion upgrade. These operations are supported by the Port of Port Arthur, one of Texas’ leading seaports.