4405 Glasscock Ave - Warehouse FOR SALE


Harlingen, TX 78550
$8,925,000 USD
918-794-9536
4405 Glasscock Ave, Harlingen, TX for Sale
$8,925,000 USD
Warehouse - FOR SALE
1/3
null | 7.21% Cap Rate

4405 Glasscock Ave
Harlingen, TX 78550


HIGHLIGHTS

  • World’s Largest Manufacturer of Home Furnishings
  • Prime Logistics Hub with Cross-Border Connectivity
  • Significant Building Renovation in 2023
  • New Lease with 3% Annual Rent Increases
  • Strong Demographics and Nationally Renowned Medical Facilities

OVERVIEW

Northmarq proudly presents an exceptional investment opportunity: the Ashley Furniture Warehouse & Distribution Center located in the tax-free state of Texas at 4405 Glasscock Avenue, Harlingen, Texas. This property is leased to Dufresne Spencer Group (d/b/a Ashley), the Largest Ashley Licensee in the world. The asset features a passive net lease with 3% annual rent increases, providing an excellent hedge against inflation. The tenant's commitment to the property and location is evidenced by signing a 7-year lease that includes nearly $4.6 million in landlord-paid renovations to accommodate the vast amount of furniture distributed from this facility. Adjacent Vacant Land Also Available In Association With: Jim Gibson, TX Lic #392926

FOR SALE DETAILS

PRICE

$8,925,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashley Furniture Warehouse & Distribution

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

14

DRIVE INS

-

PARKING SPACES

170

LAND DETAILS

LAND ACRES

5.74

LAND SF

250,034

ZONING

C

APN/PARCEL ID

190590-0010-001000

ASK ABOUT THIS PROPERTY

Mark GrossmanNorthmarqMore Info
918-794-9536

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Mark GrossmanNorthmarqMore Info
918-794-9536

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