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Updated over 1 year ago on . Most recent reply

User Stats

30
Posts
6
Votes
Trevor Fulkerson
  • Investor
  • Wichita Falls, TX
6
Votes |
30
Posts

Seeking ideas (and possibly a partner) for 80k SF vacant industrial property in TX

Trevor Fulkerson
  • Investor
  • Wichita Falls, TX
Posted

Hi all, 

I've recently gotten an 80,000 sf industrial property under contract in a small town in North Texas. It's decently located, about 2.5 hours to DFW, OKC, and Lubbock. It's also about 10 or 15 minutes away from the forthcoming $4 billion hydrogen plant that was announced a few months ago. 

It's been vacant for a number of years, and definitely needs substantial cleanup and rehab, but the bones are great. I own some other property in town, and I'm on good terms with the mayor, city manager, economic development committee, etc, so I think I'll have their support if I can nail down a solid plan. 

My question is, does anyone have experience finding a tenant for such a large building in a smaller town? I'm pretty good at finding lists to reach out to (of manufacturers or similar companies), but I'd like to focus my efforts a bit more if possible. I'd also potentially be interested in partnering up with an experienced industrial investor if it makes sense, since I haven't done something quite this large before. 

There are certainly going to be challenges, but I think there's a lot of opportunity as well if I can get everything lined up. 

Would love to hear any thoughts, suggestions, ideas, partner referrals, etc. Thanks!

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