WICHITA FALLS, TX—Due to labor and workforce pressure in metro areas where wages have increased, tertiary cities may get more interest from manufacturers looking for a lower cost of doing business. Marketers of two industrial properties are banking on this assumption.
2801 Production Blvd. and 2400 Burkburnett Rd. are for sale in this tertiary city. Binswanger has been named exclusive agent by Wichita Falls Economic Development Corporation.
Binswanger is aggressively marketing these properties to manufacturers of converted paper products, petroleum/coal products, nonmetallic mineral product, primary metal, fabricated metal, agriculture/construction/mining machinery, industrial machinery, metalworking machinery, electrical equipment/appliance/components, motor vehicle body/trailer and aerospace products/parts, as well as mining and utilities prospects. Holmes Davis of Binswanger's Dallas office is the lead broker for this property.
“Based on the continued growth and demand for industrial space in the major metropolitan markets like Dallas and Houston, there continues to be significant pressure on the labor market in those areas; turnover is high and wages have increased significantly,” Davis tells GlobeSt.com. “Therefore, we believe that tertiary cities like Wichita Falls will continue to see more activity from the manufacturers that are continuing to look for the locations that have the lowest cost of doing business.”
2801 Production Blvd. is a 181,764-square-foot industrial building on 37.5 acres with an additional adjacent 36-acre property available separately. The single-story facility features 6-inch reinforced concrete floor, concrete block and metal panel walls, built-up metal deck roof with foam overlay, ceiling heights to 24 feet, steel H-beam columns spaced 50 by 37 feet and 50 by 45 feet, all utilities, 100% dry sprinkler system, metal halide lighting, seven 8 by 10-foot dock-high doors with locks, levelers and seals; three 12- by 14-foot grade-level doors, one 5-ton R-D crane, 8,064 square feet of modern office space, and paved parking for 250 vehicles. BNSF rail serves the area and a rail spur may be possible.
2400 Burkburnett Rd. is a 140,124-square-foot industrial property on 31.48 acres. It consists of three single-story facilities featuring 6-inch reinforced concrete floor, metal panel walls, built-up insulated metal deck roof, ceiling heights ranging from 18 to 26-foot clear, steel H-beam columns spaced 25 by 100 feet, 25 by 122 feet and 25 by 58 feet; all utilities, 100% sprinkler system, high pressure sodium lighting, two 12- by 12-foot dock-high doors, 10 grade-level roll-up doors, cranes varying from 1-ton to 6-ton, 6,360 square feet of office space, and paved parking for 221 vehicles. The Wichita/Tillman/Jackson railroad supplies rail to the area and a rail spur may be possible.
The properties provide access to Interstate 44, US Highways 287, 277 and 78. Wichita Falls Municipal Airport is approximately 15 minutes from the site and Dallas/Fort Worth International Airport is 100 miles away.
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