Sale Offering Memorandum (L)

UNITED RENTALS

1720 EXPRESSWAY 77/83 SAN BENITO, TX 78586

Jorge Jimenez Tony Roubik

Senior Vice

Managing

President-

Director

Director

619.658.1110

713.858.1144

jjimenez@ roubikt@

PROPERTY INFORMATION

3

Property Summary Property Description Property Details

Property Photos Site Plan Tenant Profile

LOCATION INFORMATION

10

Regional Map

Location Maps

Aerial Map

DEMOGRAPHICS

14

Demographics Report Demographics Map

Back Page

UNITED RENTALS | 1720 EXPRESSWAY 77/83, SAN BENITO, TX 78586

OFFERING MEMORANDUM

UNITED RENTALS | 1720 EXPRESSWAY 77/83 SAN BENITO, TX 78586

1 PROPERTY INFORMATION

1720 Expressway 77/83 San Benito, TX 78586

SVN | Vanguard | Page 3

Property Summary

OFFERING SUMMARY Sale Price: Cap Rate: NOI: Lot Size: Year Built: Building Size: Price / SF:

$1,850,000 7.66%

$141,672 2.6 Acres

2008 6,450 SF

PROPERTY OVERVIEW

This 6,450 sf building features 2,100 sf of retail/office area with HVAC, 2,900 sf of service area served by 6 overhead doors offering six bays for vehicle service. Service area has ventilation and Natural Gas heating. The remainder is designed for vehicle/equipment washing. The building is on a 2.46 acre site, most of which is fenced and the building is surrounded by about a 20,000 sf concrete apron, with a caliche base beyond the concrete apron. An ample concrete parking area in front and electronic gates. The property is well designed and in good condition, it was built in 2008.

LEASE INFORMATION

?

Lease Term

? Original Lease: June 1, 2008 - July 31, 2003

? Option Period 1: August 1, 2023 - July 31, 2028

? Option Period 2: August 1, 2028 - July 31, 2033

? Option Period 3: August 1, 2038 - July 31, 2043

Monthly Rent $11,806.03 $12,986.63 $14,285.30 $15,713.83

$286.82

UNITED RENTALS | 1720 EXPRESSWAY 77/83 SAN BENITO, TX 78586

SVN | Vanguard | Page 4

All SVN? offices are independently owned and operated.

Property Description

PROPERTY OVERVIEW This 6,450 sf building features 2,100 sf of retail/office area with HVAC, 2,900 sf of service area served by 6 overhead doors offering six bays for vehicle service. Service area has ventilation and Natural Gas heating. The remainder is designed for vehicle/equipment washing. The building is on a 2.46 acre site, most of which is fenced and the building is surrounded by about a 20,000 sf concrete apron, with a caliche base beyond the concrete apron. An ample concrete parking area in front and electronic gates. The property is well designed and in good condition, it was built in 2008.

LOCATION OVERVIEW San Benito is in Cameron County, which is one of the fastest growing areas in the Texas with a population of 385,000. San Benito has a strong labor pool and the International Free Trade Bridge make San Benito, Texas a very attractive location for manufacturing, distribution and retail opportunities. Located eight miles east to Mexico, this is an extremely busy community for the local population and also acts as a border town just 20 minutes North of Brownsville Texas.

UNITED RENTALS | 1720 EXPRESSWAY 77/83 SAN BENITO, TX 78586

SVN | Vanguard | Page 5

All SVN? offices are independently owned and operated.

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