Income Producing 21,000 SF Warehouse in Weslaco, Texas

Industrial for Sale
Catylist Listing ID: 30764542
Property Subtypes: Industrial-Business Park
Building Size (RSF): 21,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.82 Acres
Sale Price: $1,175,000
Unit Price: $55.95 PSF
Docks/Doors: 1 Door
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

21,000 SF warehouse located at 2411 Joe Stephens Ave in Weslaco, Texas. 1.82 Acre property located in the Weslaco Industrial Park adjacent to the Mid Valley Regional Airport and 1 mile from Interstate 2. Tenant is a national tenant and recently signed a 5 year renewal. Tenant or its affiliates have been tenants since the mid nineties. Renewal has annual bumps of 2.5%. NNN Landlord responsible for roof and any HVAC or plumbing over $1,500. 6.1% cap rate.

Additional Details

Nearest MSA: McAllen-Edinburg-Mission
County: Hidalgo
Tax ID/APN: 236298
Site Description: Located at 2411 Joe Stephens Ave. in Weslaco, Texas.
Tenancy: Single Tenant
Property Condition: Excellent
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,732 52,643 94,283
Median Age: 29.8 32.52 30.4
Households: 1,072 15,768 26,505

Contact

Photograph of Listing Agent

Randy Summers, CCIM

Davis Equity Realty STCAR CIE Member
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