Volara Packaging Group
- $3,350,000
Volara Packaging Group
- $3,350,000
Property Highlights
- Two-Building Manufacturing Campus: Approximately 86,118 SF of industrial manufacturing and warehouse plus a 7,500 SF secondary building, serving folding-carton production and supporting operations.
- Scheduled, Contractual Rental Growth: Two separate co-terminous NNN leases with current scheduled annual rent of approximately $238,810, 3% annual increases, and primary expirations on November 30, 2032.
- New Owner-Operator Platform: Volara Packaging Group acquired former Frankston Packaging operating assets from a secured creditor through an Article 9 sale. Its owner, Androm LLC, brings a packaging-focused, operator-led investment approach.
- Established Production Assets and Experienced Management: Volara reports two production facilities: folding cartons and labels/shrink sleeves. Its team includes experienced operations, finance, quality, customer service, and manufacturing leaders.
- Defined Improvement Priorities: Management has outlined initiatives involving ERP and scheduling, ink and coating systems, facility improvements, quality processes, and R&D capabilities.
Property Documents
OM - 699 N Frankston Hwy -Volara Packaging Group
Details
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Price $3,350,000
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Year Built 1984/1999 (Renovated)
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Property Type Single Tenant
Additional Details
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Cap Rate 7.13%
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Price/SF $38.90
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Frankston 1 RBA 86,118 SF
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Frankston 2 RBA 7,500 SF
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Lot Size 0.64 AC
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APN R37589
Address
Open on Google Maps-
Address: 699 N Frankston Hwy & 102 Reasgan St
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City: Frankston
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State/county: Texas
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Zip/Postal Code: 75763








