1051 Aqua Dr

Overview

Investment opportunity truck and container wash facility leased to Quala Wash, national credit operator of tanker trailer washing and repair.   The facility was constructed in 2019+/- and consists of a 16,405 square foot metal walled/steel framed building on approximately ten acres - 22,000+/ square feet of concrete parking for automobiles and 250,000+/- square feet of rock parking and yard for tanker trailers.  The building has 2,038+/- square feet of office, which is comprised of reception, four offices, storage room, break room, restroom and a drivers' lounge with restrooms/showers. There is mezzanine storage above the office area. The service/warehouse area contains 11,883+/- square feet of climate-controlled area and there is a separate truck wash shed area containing approximately 2,484 square feet. 24' sidewall height in service/warehouse area of the building.  There are eight 14' x 18' overhead grade level doors (four drive thru bays), three 12' x 14' overhead doors and one 7' x 9' overhead door in the service/warehouse area. Separate areas for wastewater treatment plant, wastewater lab and vats and pump room. Outside tank containment area.  Conveniently located just off I-20 at the I-20/Hwy. 3227 interchange.  Property has approximately 785 feet fronting Aqua Drive. The lease commenced January 2022 and expires December 31, 2031.  The property is being marketed at a 8.38% cap rate.  Current rent is $20,420.00 per month, with an annual increase tied to the CPIU or 2.5%, whichever is less. Please contact agent for more information.