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612 Victoria Lane
Harlingen, TX 78550
Asking Price
$9.80M
Cap Rate
7.75%
Asset Type
Traditional Office Office
Class
Class B
What's Special
New Class A Construction • 10 Year NNN Lease • 3% Annual Rent Increases <ul><li>New 10-year NNN lease with limited landlord responsibilities</li><li>Annual 3% increases throughout the lease providing a solid hedge against inflation</li><li>Two five-year options at Fair Market Rent Value (FMRV)</li><li>Expansion and relocation of established Garver Water Design Center engineering operations in Harlingen (1 of 4 in the U.S.) with significant tenant investment of $5 million+ and planned doubling of employees</li><li>New class A construction - due to extremely tigh
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NOI
$80,000
Cap Rate
0.82%
DSCR
0.14
Underwater
Cash-on-Cash
-17.07%
Monthly Payment
$48,485.053
Annual Cash Flow
$-501,820.635
