Log In/Sign Up
Your email has been sent.
612 Victoria Ln
Harlingen, TX 78550
Garver Regional Headquarters · Office Property For Sale


Investment Highlights
- New 10-year NNN lease with limited landlord responsibilities
- Two five-year options at Fair Market Rent Value (FMRV)
- New class A construction - due to extremely tight regional office market with under 5% vacancy and lack of available quality space
- Annual 3% increases throughout the lease providing a solid hedge against inflation
- Expansion and relocation of established Garver Water Design Center engineering operations in Harlingen (1 of 4 in the U.S.)
- Founded in 1919, Garver is an employee-owned national engineering firm with 1,000+ employees & ranked among the nation’s top 100 engineering firms
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire a new state-of-the-art 27,000 square foot regional headquarters office building leased to Garver, LLC with a new 10-year NNN lease with 3% annual rent increases.
Garver’s new regional headquarters office serves as an expansion and relocation of its existing Water Design Center operations in Harlingen (1 of 4 in the U.S.), and is part of a new $94 million, 300,000 square foot mixed-use development including retail, residential, hospitality, and medical office. The property is located on the northeast corner of Victoria Lane and Hale Avenue in the city’s burgeoning Medical District. Across the street from the property is Medical Center Plaza, a multi-specialty medical office complex, and Solara Specialty Hospitals Harlingen, a 41-bed long-term acute care facility. Just north of the property is the 586-bed Valley Baptist Medical Center, one of the area’s premier healthcare providers, and the Texas Valley VA Health Center, among numerous other nursing facilities, rehabilitation centers and medical clinics.
Located less than three miles from downtown Harlingen, the property is positioned between Interstate 69 (I-69) and Highway 77 and boasts access to both Valley International Airport, which counts over two million annual passengers and serves as the air cargo hub of the Rio Grande Valley, and the Port of Harlingen, which generates over $4.6 billion in economic activity annually, in approximately ten minutes. Near the I-2 and I-69 Junction, the site also benefits from excellent regional accessibility, with the Port of Brownsville, a major deep water port that generates $12 billion in economic impact annually and will soon see completion of a critical liquefied natural gas terminal, accessible within 30 minutes, and Starbase, SpaceX’s flagship rocket facility, accessible within an hour.
Garver’s new regional headquarters office serves as an expansion and relocation of its existing Water Design Center operations in Harlingen (1 of 4 in the U.S.), and is part of a new $94 million, 300,000 square foot mixed-use development including retail, residential, hospitality, and medical office. The property is located on the northeast corner of Victoria Lane and Hale Avenue in the city’s burgeoning Medical District. Across the street from the property is Medical Center Plaza, a multi-specialty medical office complex, and Solara Specialty Hospitals Harlingen, a 41-bed long-term acute care facility. Just north of the property is the 586-bed Valley Baptist Medical Center, one of the area’s premier healthcare providers, and the Texas Valley VA Health Center, among numerous other nursing facilities, rehabilitation centers and medical clinics.
Located less than three miles from downtown Harlingen, the property is positioned between Interstate 69 (I-69) and Highway 77 and boasts access to both Valley International Airport, which counts over two million annual passengers and serves as the air cargo hub of the Rio Grande Valley, and the Port of Harlingen, which generates over $4.6 billion in economic activity annually, in approximately ten minutes. Near the I-2 and I-69 Junction, the site also benefits from excellent regional accessibility, with the Port of Brownsville, a major deep water port that generates $12 billion in economic impact annually and will soon see completion of a critical liquefied natural gas terminal, accessible within 30 minutes, and Starbase, SpaceX’s flagship rocket facility, accessible within an hour.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
27,000 SF
Building Class
B
Year Built
2026
Price
$9,800,000
Price Per SF
$362.96
Cap Rate
7.75%
NOI
$759,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
27,000 SF
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
