415 Topeka Ave Industriel/Logistique 539 m² 100 % Loué À vendre Justin, TX 76247 603 835 € (1 120,62 €/m²) Taux de capitalisation 6,22 %

From a buyer’s perspective, 415 Topeka Street represents a strong investment opportunity in one of the
fastest-growing corridors within the Dallas-Fort Worth Metroplex. Located just off FM 407 in Justin, TX,
the property offers secure in-place income with considerable upside potential in rental income and
property appreciation.
Key Highlights:
1. Secure Cash Flow with Lease-Upside Potential
• The property is currently occupied by a tenant with approximately 2 years remaining on the lease,
providing immediate income and stability for an investor.
• Current rental income of $50,400 annually is significantly below market, resulting in a short-term
lease loss opportunity.
• Upon lease expiration or re-tenanting, potential to increase rents in line with market trends,
projected at $10.69/SF (submarket) versus current effective rent of ~$8.00/SF, allowing for a cash
flow increase of 23%–33% over the next 24 months.
2. Prime Location with Zero Vacancy
• Situated in the NE Tarrant/Alliance submarket, which boasts a 0% vacancy rate at the property
level and a low 5.3% availability rate in the submarket.
• Benefiting from Justin's ongoing population growth and infrastructure improvements, ensuring
sustained demand for industrial/flex space.
3. Affordable Entry Price and Strong Fundamentals
• Listed at $675,000 or $107/SF, below the market average sale price of $115/SF for comparable
properties.
• Offers an initial cap rate of 6.22%, with a projected IRR of 6.14% over 5 years and cash-on-cash
return growing to 9.26% by Year 5.
• Debt coverage ratios exceed 1.50x in later years, indicating healthy operational performance with
financing in place.
4. High-Demand Industrial Market
• The NE Tarrant/Alliance submarket continues to experience strong leasing momentum, with
958K SF leased in the past 12 months and market rents growing steadily year-over-year.
• Limited new supply (only 46.9K SF under construction) enhances the long-term value stability of
existing industrial assets like 415 Topeka.