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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