4405 Glasscock AveHarlingen, TX 78550

For Sale
$8,925,000
Property records and analytics
Texas Industrial Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
125
Exceptional investment opportunity: a newly renovated, 86,640 square foot Ashley Furniture warehouse and distribution center in Harlingen, Texas. This fee-simple property boasts a 7-year net lease with a strong franchisee tenant (Ashley Furniture), commencing November 28, 2023, and expiring November 29, 2030. The lease includes 3% annual rent bumps, providing a hedge against inflation. The property features 14 dock-high doors, 25-foot ceilings, and ample parking (170 spaces) on a 5.74-acre lot. Significant renovations were completed in 2023, totaling nearly $4.6 million in landlord-paid improvements. The property offers a 7.21% cap rate and a strong NOI of $643,415. The lease includes two 5-year renewal options. Located at 4405 Glasscock Ave, Harlingen, TX 78550, this prime logistics hub benefits from cross-border connectivity and strong demographics. The asking price is $8,925,000.

Highlights

  • World's largest home furnishings manufacturer as tenant.
  • Prime logistics location with cross-border access.
  • Extensive building renovations completed in 2023.
  • New lease with 3% annual rent escalations.
  • Strong demographics and proximity to nationally renowned medical facilities.

Property Details for 4405 Glasscock Ave

Property type
Warehouses, Industrial properties
Square Feet
86,640 SF
Year Built/Renovated
1970/2023
Lot Size (sq. ft)
250,034 SF

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.17059066
Longitude
-97.6762342
4405 Glasscock Ave, Harlingen, Texas

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FAQs

What type of property is this?
Warehouse - Texas Industrial Net Lease Investment
Where is the warehouse located?
The property is located at 4405 Glasscock Ave Harlingen, TX.
What is the asking price?
The asking price for this property is $8,925,000.
What are key features of this property?
This property features: World's largest home furnishings manufacturer as tenant.; Prime logistics location with cross-border access.; Extensive building renovations completed in 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Mark Grossman
Mark Grossman
Brad Pepin
Brad Pepin
Visit Broker Website

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Glasscock Ave
Harlingen, TX 78550

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Glasscock Ave
Harlingen, TX 78550

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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4405 Glasscock Ave
  • Mark Grossman
    Mark Grossman
  • Brad Pepin
    Brad Pepin
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