1742 Reveille RdHarlingen, TX 78552

For Sale
$1,295,000
15,000 SF Warehouse, $1.3M, 9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A industrial warehouse, situated on a 2.41-acre lot in Harlingen, Texas, presents a compelling owner-user or investment opportunity. Completed in 2024, the 15,000-square-foot building boasts a single story, 25-foot graduated ceiling height, and six dock-high doors. The property features ample parking (15 spaces per 1,000 sq ft) and is conveniently located a quarter-mile from Interstate 69E, providing easy access to major transportation routes. Currently vacant, this NNN-leased property offers a pro-forma NOI of $116,550 and a pro-forma cap rate of 9.00%, representing a strong return on investment. The asking price is $1,295,000 ($84/sq ft), with a land value of $2.10 per square foot. The warehouse dimensions are approximately 120' x 125', and the property is zoned for industrial use. The building includes approximately 1,200 square feet of office space and two sets of restrooms, with an additional warehouse restroom. Future rent bumps are included in the lease terms. This property is part of the Reveille Industrial Park, a development featuring twelve industrial lots. The seller is a general contractor and can accommodate build-to-suit options to meet specific business needs. An adjacent 1.69-acre lot is also available for purchase, providing potential for expansion. The property's address is 1742 Reveille Rd, Harlingen, TX 78552. The APN reflects new construction.

Highlights

  • $1,295,000 asking price for this 15,000 SF Class A industrial warehouse.
  • Located in Harlingen, TX, at 1742 Reveille Rd, on a 2.41-acre lot.
  • New construction (2024), offering 25' graduated ceiling height and six dock-high doors.
  • Features 15 parking spaces per 1,000 sq ft and is situated ¼ mile from Interstate 69E.
  • NNN lease, with a pro-forma cap rate of 9.00% and pro-forma NOI of $116,550.

Property Details for 1742 Reveille Rd

Property type
Warehouses, Industrial properties
Square Feet
15,000 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
104,980 SF
Units
1

Location Insight

City
Harlingen
County
CAMERON
State
Texas
Latitude
26.1862754
Longitude
-97.7634019
1742 Reveille Rd, Harlingen, Texas

FAQs

What type of property is this?
Warehouse - 15,000 SF Warehouse, $1.3M, 9% Cap Rate
Where is the warehouse located?
The property is located at 1742 Reveille Rd Harlingen, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: $1,295,000 asking price for this 15,000 SF Class A industrial warehouse.; Located in Harlingen, TX, at 1742 Reveille Rd, on a 2.41-acre lot.; New construction (2024), offering 25' graduated ceiling height and six dock-high doors.
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1742 Reveille Rd
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