Edcouch Multi-Tenant Flex
- Address:
- 218 Industrial Street, Edcouch, TX 78538
- Property Type:
- Vacant
- Price:
- $750,000
- Cap Rate:
- 10.16% pro forma cap
- Square Feet:
- 15,235 sqft
- Lot Size:
- 1.58 acres
- Price Per Square Foot:
- $49.23
- Year Built:
- 1978
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Marketing Package*
Investment Highlights
Investment Highlights
- Vacant 15,235-Square-Foot Flex Property Situated on 1.58 Acres
- Featuring Three Suites, 18′-26′ Clear Height, Three HVAC Units, Two Story Office Space with Mezzanine Floor, Three-Phase Heavy Power, & 40 Parking Spaces
- Renovated in 2022 With Major Capital Improvements Including New TPO Roof on Majority; New Metal Roof and Coating on Remaining Section
- Primely Located within Rio Grande Valley with Proximity to Interstates 69C, 69E, & 2
- Multi-Tenant Configuration Allows Flexible Lease-Up and Diversified Tenant Mix | Priced at $49.23 per SF, Among Lowest in Market Among Comparable Assets
- Ideal For Small-Bay Industrial, Service-Oriented Users, or Local Distribution Tenants
Investment Overview
The property is a vacant 15,235-square-foot flex property situated on 1.58 acres, offering ample space for a variety of users. It features three suites and an 18′ to 26′ clear height, making it suitable for businesses that require high ceilings. The property also boasts three HVAC units, providing efficient climate control throughout the building. Additionally, each suite features a two-story office space with a mezzanine floor, offering a flexible layout for tenants. With 40 parking spaces, the property provides ample parking for employees and visitors; convenient for flex spaces.
In 2022, the property underwent significant renovations, including major capital improvements such as a new TPO roof on the majority of the building and a new metal roof and coating on the remaining section. These upgrades have enhanced the property’s overall condition and value. The renovations have also improved the property’s energy efficiency and reduced maintenance costs. The three-phase heavy power supply is another notable feature, making it an attractive option for businesses that require a reliable and robust power source. The property’s prime location within the Rio Grande Valley provides easy access to major transportation routes, including Interstates 69C, 69E, and 2. This strategic location makes it an ideal hub for distribution and logistics operations.
The property’s multi-tenant configuration allows for a mix of small-bay industrial, service-oriented users, or local distribution tenants. This diversity can lead to a more stable and predictable income stream for investors. The property’s location and features make it an ideal choice for a variety of businesses. The property is priced at $49.23 per square foot, which is among the lowest in the market for comparable assets. This competitive pricing makes it an attractive option for buyers looking for a valuable investment opportunity.