1335 W Memphis St - Industrial FOR SALE


Harlingen, TX 78550
$1,200,000 USD
214-682-4912
1335 W Memphis St, Harlingen, TX for Sale
$1,200,000 USD
Industrial - FOR SALE
1/11
null | Request Cap Rate

1335 W Memphis St
Harlingen, TX 78550


OVERVIEW

9.9 MW BESS project under construction on site: BESS tenant pays landlord 48,000 Per Year plus NNN's lease features 6% annual rental escalations. Remainder of property is a rail-served industrial site with an existing industry spur directly routed into the former Harlingen Ice Plant building located on 6.6 Acres of land. The property offers excellent truck access from West Memphis Street with proximity to US 77 and US 83. Rail service is handled locally by Rio Valley Switching Company with Union Pacific line-haul. Property is ideal for cold-storage, transload, food and beverage, or building-materials operations. Sold as rail-capable with service subject to railroad inspection and approval. Light Industrial Zoning. BESS project is on 10 year lease with 10 years of options and will be operational and online by end of year. See attachments for BESS construction and energization update.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$31 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BESS NNN Asset and Rail Served Industrial

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.6

LAND SF

287,496

ZONING

Light Industrial

APN/PARCEL ID

223560-0030-004000

ASK ABOUT THIS PROPERTY

Aaron AshmoreA.R.E.A.More Info
214-682-4912

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Aaron AshmoreA.R.E.A.More Info
214-682-4912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.