232 Hanmore Industrial Pky
Harlingen, TX 78550
GOV'T LEASED - 5.71% CAP · Office Property For Sale

INCOME PRODUCING OFFICE BUILDING (5.71 CAP RATE) CONTAINING +/-6,054 S.F., CONSTRUCTED +/-1993. THE BUILDING IMPROVEMENTS INCLUDE A CONCRETE SLAB FOUNDATION, CORRUGATED METAL EXTERIOR WALLS, BRINK VENEER FAÇADE ON THE FRONT OF THE BUILDING, A PITCH METAL ROOF. THE FACILITY IS FULLY AIR CONDITIONED AND INCLUDES A COMBINATION OF COMMERCIAL GRADE CARPET & LAMINATED FLOORING, 2 X 4 SUSPENDED ACOUSTICAL CEILING TILES, STANDARD ELECTRICAL/PLUMBING FIXTURES, RESTROOMS, OFFICES THROUGHOUT, CONFERENCE ROOMS, BREAK ROOM, ETC. SITE HAS PAVED PARKING WITH CONCRETE CURBING & LANDSCAPING. EXCESS LAND FOR EXPANSION OR CONSTRUCTION OF A SECOND BUILDING. TENANT & LEASE TERMS: TENANT: TEXAS FACILITIES COMMISSION OCCUPYING 4,807 S.F. “NET” TERM: MAY 1, 2005 THRU JUNE 30, 2022 RENTS: $45,682.32 WITH BASE FACTOR CPI INCREASES ANNUALLY TENANT: PAYS BASE RENTS, UTILITIES, & JANITORIAL LANDLORD: PAYS TAX, INSURANCE & MAINTAINS FACILITY INSIDE & OUT