SkyWalker walks quickly to 144,000-SF complex in Grandview

GRANDVIEW, JOHNSON COUNTY - SkyWalker Property scooped up a foreclosed industrial complex consisting of three buildings, totaling 144,500 sf. The 87.9 percent vacant property is at 8800 E FM 916 on 16.8 acres.

The buyer, Grandview Railroad LLC, plans to invest roughly $250,000 on upgrades. Additional repairs are planned for the roofs, walls and doors of the 82,000-sf and 45,000-sf buildings as is the update of a 7,500-sf office in the larger building.

The third structure, totaling 17,500 sf, is fully leased to AES Drilling Fluids Inc., a wholly owned subsidiary of Canadian Energy Services & Technology Corp.

The seven-acre storage yard, which can be expanded to accommodate additional tenants, is leased to Universal Forest Products, a next-door neighbor that manufactures wooden pallets.

The buildings are situated close enough to I-35 W to capitalize on NAFTA Highway’s trade value and curry favor with tenants who need outlying locations within reasonable distances of populated areas, such as oil- and gas-related businesses.

Read more at Globe Street.