2000 S Expressway 83 - Freestanding FOR SALE


Harlingen, TX 78552
$6,600,000 USD
949-221-1821
2000 S Expressway 83, Harlingen, TX for Sale
$6,600,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

2000 S Expressway 83
Harlingen, TX 78552


HIGHLIGHTS

  • Excellent Owner/ User Investment
  • Strong Value- Add Return Potential
  • Located in the Core Retail Corridor in the Trade Area
  • Benefits from Significant Texas- Mexico Trade Activity - $615 Billion in 2023
  • Strong Population within 15 minute drive
  • Harlingen Airport is only Southwest Hub serving the entire Rio Grande Valley

OVERVIEW

Faris Lee Investments (“FLI”) has been engaged as the exclusive financial advisor to the Seller in connection with the Seller’s solicitation of offers for the purchase of this property. Prospective purchasers are advised that, as part of the solicitation process, the Seller will be evaluating several factors, including the current financial qualifications of the prospective purchaser. The Seller expressly reserves the right, in its sole and absolute discretion, to evaluate the terms and conditions of any offer and to reject any offer without providing a reason. Additionally, the Seller reserves the right to terminate the solicitation process at any time prior to the final execution of the Purchase Agreement. The information contained in this Offering Memorandum is confidential and is provided solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or shared with any other person without the express written consent of the Seller or FLI. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by FLI from sources deemed reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but instead, they outline some provisions contained therein, which are qualified in their entirety by the actual documents to which they relate. This Memorandum contains select information pertaining to the Property and the Owner but does not claim to be all-inclusive or contain all or part of the information that prospective investors may require to evaluate the purchase of the Property. The information contained in this Offering Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented "as is" without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions related to the general economy, market conditions, competition, and other factors that are subject to uncertainty and may not represent the current or future performance of the Property. Prospective purchasers are advised to independently verify the accuracy and completeness of all summaries and information contained herein, consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and the Property’s suitability for their needs. Any reliance on the content of this memorandum is solely at the purchaser's own risk. No representation or warranty, expressed or implied, is made by the Seller, FLI, or any of their respective affiliates as to the accuracy or completeness of the information contained herein. Prospective purchasers should make their own projections and form their own conclusions without relying on the material contained herein and conduct their own due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property site or used in the construction or maintenance of the building at the Property site. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against the Seller, FLI, or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. Prospective purchasers are not to construe the contents of this Offering Memorandum or any prior or subsequent communication from FLI, the Seller, or their affiliates, or any of their respective officers, directors, shareholders, owners, employees, or agents as legal, tax, or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment. TEXAS BROKER OF RECORD BRIAN A. KAPLAN TX License No.: 591407

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value Add Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Supermarket, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

7.39 AC

LAND SF

321,908 SF

ZONING

C

APN/PARCEL ID

18-4113-0010-0010-00

ASK ABOUT THIS PROPERTY

Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

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Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

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