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.

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Property Documents

OM - 699 N Frankston Hwy -Volara Packaging Group

Details

  • Price $3,350,000
  • Year Built 1984/1999 (Renovated)
  • Property Type Single Tenant

Additional Details

  • Cap Rate 7.13%
  • Price/SF $38.90
  • Frankston 1 RBA 86,118 SF
  • Frankston 2 RBA 7,500 SF
  • Lot Size 0.64 AC
  • APN R37589
  • Address: 699 N Frankston Hwy & 102 Reasgan St
  • City: Frankston
  • State/county: Texas
  • Zip/Postal Code: 75763

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