MARCUS PHIPPS R.E. - COMMERCIAL DIVISION
Listed by MARCUS PHIPPS R.E. - COMMERCIAL DIVISION
$450,000
125 NORTH "G" STREET
Details
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 7,500
Cap Rate 8.15%
NOI $36,680
Tenancy Single
Lease Type Modified
Lease Expiration 12/31/2031
Rent Bumps Yes
Class C
Year Built 1955
Acreage 0.363
Zoning Light Industrial
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Dock High Doors 7
Sale Condition N/A
Industrial | 8.15% CAP | 7,500 SqFt
Marketing description
Centrally located within the Rio Grande Valley, site provides easy access and drive time to McAllen (35 min.), Edinburg (50 min.), and Brownville (25 min.), South Padre Island only 45 minutes away. International border crossing less than 20 minutes.
Expanding Market - Within one hour to the new "Star Base City", the new South Texas home to Elon Musk's SPACE X rocket company driving major growth throughout the Rio Grande Valley.
"TEXAS is the No. 1 exporting State for the 19th consecutive year" (RGV EDC Ptrns). The Rio Grande Valley is one of the fastest growing U. S. metropolitan areas.
Investment highlights
- 8.15% CAP with A+ credit long term international tenant occupied since 1995
- Five (5) Year Lease
- Annual Increases
- A+ CREDIT TENANT OCCUPIED SINCE JUNE 1, 1995
- 7,500 S.F. OFFICE/SHOWROOM & DOCK HIGH WAREHOUSE
- SEVEN (7) DOCK HIGH DOORS
- 460 VOLTS - 3 PH
- FENCED STORAGE YARD & PARKING
- Modified Gross. Tenant is responsible for maintaining the interior and exterior of the property and pays all utilities
- Landlord pays taxes & insurance and maintains the roof and structural integrity of the building
Listing Contacts
MARCUS PHIPPS R.E. - COMMERCIAL DIVISION
Listed by MARCUS PHIPPS R.E. - COMMERCIAL DIVISION
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,680.00
$3,056.67/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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