Listed by Coldwell Banker Commercial Rio Grande Valley, Ursa Real Estate, LLC
$7,775,000
Edinburg Industrial Opportunity
Details
Property Type Industrial, Land
Sub Type Commercial, Industrial
Square Footage 60,249
Net Rentable (SqFt) 60,249
Units 2
NOI $492,216
Occupancy 69%
Tenancy Multi
Brand/Tenant Maximus
Lease Term 3
Remaining Term 1
Rent Bumps Yes
Broker Co-Op Yes
Class A
Year Built 1981
Year Renovated 2011
Buildings 2
Stories 1
Acreage 13.500
Zoning General Industrial / Commercial
Parking Spaces 409 spaces
Parking Per SqFt 6.79
Investment Type Owner/User
Tenant Credit Credit Rated
Ownership Fee Simple
Sale Condition For sale by owner
Industrial | 60,249 SqFt
Marketing description
This versatile industrial property comprises two large scale commercial building totaling over 60,000 square feet, 6 acres of parking, two industrial pads, and one retail pad site on a busy thoroughfare. The property is situated right off of Expressway 281 making this an excellent property for investors and owner-users and can be sold all or in part.
Investment highlights
Immediate Proximity to Expressway 281
Existing Tenant In Place (Maximus Inc.)
Large Versatile Property With Multiple Buildings, Acreage, and Industrial/Commercial Use
Sold All or In Part
Frontage on Both Freddy Gonzalez and Iowa Road
Multiple Access Points
Large Parking Area (6 Acres)
Commercial Acreage Available with Frontage on Freddy Gonzalez
Listing Contacts
Listed by Coldwell Banker Commercial Rio Grande Valley, Ursa Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$492,216.00
$41,018.00/mo
Valuation Metrics
0
DSCR
6.33%
Cap Rate
6.33%
ROI
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