Matador acquired this property in February 2022 through an off-market deal facilitated by a local boutique brokerage. Previously utilized by an owner/user who had occupied the site for many years, the property required significant cleanup due to accumulated debris. Understanding the seller's need for time to vacate, there was a brief sale leaseback agreement. This arrangement was mutually beneficial, allowing Matador the necessary time to carry out extensive renovations, including the installation of crushed rock at the back of the property, fresh interior and exterior paint, and a complete office rebuild, allowing Matador to secure a lease with a publicly traded, high-credit tenant. After fully stabilizing the asset, Matador received an off-market offer from a 1031 exchange buyer, culminating in a successful sale in November 2023. This property exemplifies Matador's expertise in adding value to industrial assets, ultimately yielding significant returns for our investors.

• Size: 21,600 SF

• Land: 1.63 AC

• Tenant Type: Single