Jefferson Depot
Small Bay Industrial | 12,250 SF | 9.0% Cap Rate | Rio Grande Valley
Marketing description
Jefferson Depot (the “Property”) is a 12,250 SF, seven-suite small-bay industrial property situated on 0.64 acres in the Greater Harlingen submarket of Harlingen, Texas. Built in 2004 and offered at an attractive 9.0% cap rate, the Property delivers immediate cash flow backed by high-quality, modern construction and durable long-term yield potential.
Each suite features a glass storefront with HVAC-conditioned office/showroom space fronting Jefferson Avenue and rear warehouse access via 14’ grade-level overhead doors. The flexible design provides an average suite size of approximately 1,750 SF, with a well-balanced mix of ~39% finished office/showroom and ~61% warehouse/shop space — ideal for light industrial, service, contractor, and logistics users.
The Greater Harlingen industrial submarket exhibits strong fundamentals, with current vacancy at just 5.9% and no new competitive supply forecasted through 2029 (CoStar Analytics).
Strategically positioned in the heart of the NAFTA corridor and the dynamic Borderplex trade region, Harlingen benefits from the Rio Grande Valley’s ~1.4 million population (growing rapidly) and its role as a critical logistics hub supporting cross-border trade, manufacturing, e-commerce fulfillment, and distribution.
With stable in-place income, a compelling 9.0% cap rate, modern 2004 construction, and highly marketable 1,750 SF average suite sizes, Jefferson Depot represents a rare opportunity to acquire a turnkey, cash-flowing small-bay industrial asset in one of South Texas’ fastest-growing logistics markets.
Investment highlights
Immediate Cash Flow at an Attractive Yield: Offered at a 9.0% cap rate with stable in-place income from seven tenants, providing Day-1 cash flow significantly above many competing industrial offerings.
Modern, High-Quality 2004 Construction: Built in 2004 with well-maintained improvements, minimizing near-term capital expenditure requirements and offering a newer product relative to much of the small-bay inventory in the Rio Grande Valley.
Highly Marketable Small-Bay Configuration: Seven suites averaging ±1,750 SF with a flexible ±39% office/showroom and ±61% warehouse layout, glass storefronts, HVAC-conditioned front space, and rear 14’ grade-level doors — ideal for service contractors, light manufacturing, e-commerce last-mile, and logistics users.
Strong Submarket Fundamentals: Greater Harlingen industrial vacancy at only 5.9% with zero new competitive supply forecasted through 2029 (CoStar Analytics), supporting continued occupancy and rental growth.
Strategic Location in a High-Growth Logistics Corridor: Positioned in the heart of the NAFTA/Borderplex trade zone in the rapidly expanding Rio Grande Valley (population ~1.4 million and growing), directly benefiting from cross-border trade, nearshoring trends, manufacturing resurgence, and e-commerce distribution demand.
Turnkey & Low-Management Intensity: 100% occupied, multi-tenant small-bay asset with individual metering (electric) and tenant-paid utilities, creating a passive, diversified income stream.
Scarcity of Comparable Product: Limited supply of modern small-bay industrial space in Harlingen and the broader RGV, combined with virtually no new development, positions Jefferson Depot for long-term appreciation and rent growth.
Rare Opportunity in a Supply-Constrained Market: Infill 0.64-acre parcel with alley access and excellent visibility/frontage on Jefferson Avenue — difficult to replicate in today’s entitlement and construction cost environment.
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