Pipeline Supply & Service, LLC
401 North Front Street - Cotulla TX 78014
LTV (Loan to Value) | 65.00% | Current NOI | $78,300.00 |
Interest Rate | 4.250% | Capital Rate | 10.950% |
Fixed Term | 10 Years | Land Area | |
Amortization | 25 Years | Lease Type | NN |
Loan Amount | $464,750.00 | Property Type | Industrial |
Payment | $2,517.73 | Property Lease | Warehouse |
Bulding Size | 7,500 SF | Remaining Terms |
Location Description
NNN Lenders is pleased to offer for sale to qualified investors, an industrial property which is 100% leased to Pipeline Supply & Service, LLC located in Cotulla, TX. Cotulla is located within the Eagle Ford Shale, one of the most actively drilled targets for oil and gas in the United States. The Eagle Ford Shale play extends about 400 miles across South Texas in a 50-mile-wide band, from the Mexican border, below San Antonio and into East Texas. In October of last year, the Eagle Ford Shale reached production levels exceeding 1 million barrels per day (bpd) of oil. The region is forecast to generate approximately $21.5 billion in total annual economic output and support roughly 68,000 full-time jobs by 2020.
Highlights
New Building - The subject Property was constructed in 2013Well Capitalized Company – The Tenant is a portfolio company of…
Property Description
Cotulla is a city in and the county seat of La Salle County, Texas. Cotulla is located approximately 90 miles south of San Antonio, directly off of Interstate 35. Cotulla is strategically located within the Eagle Ford Shale region of south Texas. This region was first recognized as a major natural gas play and is now being seen as possibly the sixth largest oilfield ever discovered in the US and the largest discovery in over forty years. The Eagle Ford shale play extends about 400 miles across South Texas in a 50-mile-wide band, from the Mexican border, below San Antonio and up into East Texas.