SINGLE-TENANT NET LEASED INVESTMENT€¦ · SINGLE-TENANT NET LEASED INVESTMENT. 915 SOUTH CHERRY STREET. TOMBALL, TEXAS 77375. 48,500 SF on 7.28 Acres. Bryan Roberts, Senior Associate

SINGLE-TENANT NET LEASED INVESTMENT915 SOUTH CHERRY STREET TOMBALL, TEXAS 77375

48,500 SF on 7.28 Acres

Bryan Roberts, Senior AssociateP: (979)[email protected]

Jon Sellers, CPA, PrincipalP: (832)[email protected]

25211 Grogans Mill Road, Suite 110, The Woodlands, Texas 77380(281)651-4898 MHWRE.com

SINGLE-TENANT NET LEASED INVESTMENT915 SOUTH CHERRY STREET

TOMBALL, TEXAS 77375

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INVESTMENT OFFERMHW is pleased to offer for sale American National Carbide (ANC) center (the “Property), a best-in-class 31,200 square foot facility on 7.28 acres at 915 S. Cherry Street in Tomball, Texas, constructed in 1982. In 1995 and again in 2012, the company added an additional 17,300 square feet of buildings for a total of 48,500 square feet.

ANC currently owns the property at 915 South Cherry Street and is looking to complete a sale leaseback transaction to free up the capital to execute the new company vision. The investment by the future owner will be used by ANC to pay down debt, invest in new equipment to expand production capacity, and upgrade the company’s logistics systems and infrastructure. Additionally, the company looks to reinvest future profits and capital into technologically advanced machinery to enhance its product line.

Using comparable rents and sales prices in this submarket, we are presenting the building for sale at a value of $4,200,000. ANC is willing to sign a long term lease of 10 or more years on an absolute triple net basis. We further understand that this price is subject to an appraisal and can/will adjust the rent according to the appraisal.

TENANT BIOAmerican National Carbide (ANC) has been one of the leading manufacturers of tungsten carbide products since its inception in 1970. ANC has established itself as a reliable and flexible company by providing high quality carbide products to a diverse array of industries worldwide, including metalworking, oil and gas, mining, construction, and wood processing.

ANC’s reputation is among the highest in the industry for providing customers with superior products supported by a hands-on approach to customer service and a level of expertise built on nearly fifty years of industry knowledge.

In recent years, the company reorganized by restructuring its management team and adopting lean manufacturing principles to reduce expenses and maximize profits. The owner, Greg Stroud, acts as President and CEO and is actively involved in the day-to-day operations of the company. It is his energy, vision, and commitment to growth that ensures the company’s continued success.



PROPERTY SUMMARY:• Building Size: ±48,500 SF• Office Space: ±5,000 SF• Land: ±7.28 Acres• Year Built: 1982 (Expanded 1995 and 2012)• Metal Construction• Potential for Additional Buildings on ±4.0 Acres of Additional Land Included• Over 80% Airconditioned Space• Heavy Power• New Roof in 2011

Sale Price: $4,200,000

INVESTMENT SUMMARY:• Investment Type: Sale/ Absolute NNN Leaseback• Cap Rate:• NOI:

10%$420,000

• 10- Yr. Lease








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Jon Sellers, CPA, PrinciaplP: (832)[email protected]




Property ProfileAmerican National Carbide (ANC) located in Tomball, Texas, has established a high reputation among the leaders of the manufacturing industry. ANC is located among other prominent companies in the area of Tomball such as Baker Hughes, Caterpillar, and Packers Plus. Over the past 5 years the city has seen exponential growth in the 25% - 35% range. As Houston has grown, people have found their way to Tomball to start new businesses and raise families.

The 48,500 square foot ANC building was constructed on 7.28 acres of land, but currently only utilizes the land for future buildings. ANC believes that in just a few years they will be looking for additional space and would like to have an owner with the capability to build future buildings.

We believe a great attraction to this building is that if ANC outgrows this space, the features of the building are very sought after in the Houston Market more so because of the difficulty of finding a building with the amount of land around it.

Bryan Roberts, AssociateP: (979)[email protected]

Jon Sellers, CPA, PresidentP: (832)[email protected]



The Houston economy is continuously strengthening due to the robust population, employment, and economic growth. Houston is the nations fourth-largest metropolitan area and the largest in the southern U.S. and Texas. Insitutional and private groups have made significant investments in both downtown and the surrounding areas. As Houston has grown, people have found their way to Tomball to start new businesses and raise families. Over the past 5 years, Tomball has

seen exponential growth in the 25%-35% range.




915 South Cherry Street’s location allows for easy to access trade routes. It is just close enough to Houston’s most populated centers including The Woodlands to the north, Downtown, and surrounding areas to the South, with access to two major airports- George Bush Intercontinential Airport and William P. Hobby Airport minutes away. A great attraction to 915 South Cherry Street’s location is that if ANC outgrows this space, the features of the building are very sought after in the Houston Market, more so because of the difficulty in finding buildings

with large amounts of land around it.





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SINGLE-TENANT NET LEASED INVESTMENT€¦ · SINGLE-TENANT NET LEASED INVESTMENT. 915 SOUTH CHERRY STREET. TOMBALL, TEXAS 77375. 48,500 SF on 7.28 Acres. Bryan Roberts, Senior Associate