6201 Fm 106Harlingen, TX 78550

Property Details for 6201 Fm 106

Year built

2023

Lot size

1.36 AC

Property size (Sq ft)

4,784 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional Class A industrial property, located at 6201 FM 106, Unit 9, Harlingen, Texas 78550, offers a compelling investment opportunity. The 4,784 square-foot warehouse sits on a 1.36-acre lot within the Harlingen Industrial Park - Phase III, boasting a 20-foot ceiling height and two 12' x 12' grade-level doors. This newly constructed (2023) building features approximately 570 square feet of office space and 4,214 square feet of warehouse space. The property is part of a four-unit development, with shared access and shared water and sewer costs (billed through NNN charges). Electricity is separately metered. The asking price is $399,000, representing a price per square foot of $83.40 and an attractive 8.06% cap rate with a Net Operating Income (NOI) of $32,148. The land value is approximately $2 per square foot. The property is zoned for industrial use and offers convenient ingress/egress from FM 509 and FM 106. The seller is a general contractor and can potentially accommodate build-to-suit options. This stabilized, double net lease investment presents a strong return on investment. Lot dimensions are approximately 195' x 295'. Mowing costs are shared via NNN charges.

Location Insight

City

Harlingen

County

Cameron

State

Texas

Latitude

26.1908

Longitude

-97.6289

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