BH Properties Acquires Industrial Property In Harlingen, TX From Valley Baptist Hospital
4405 Glasscock Avenue, Harlingen, TX 78550
Building Size
86,640 SF
Asset Type
Industrial
Closing
Dec 16, 2021
AI
The industrial property located at 4405 Glasscock Avenue in Harlingen, TX has been sold in a recent transaction. The property spans across 86,640 square feet and sits on a 11.5-acre lot. The sale took place on 12/16/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4405 Glasscock Avenue, Harlingen, TX
- Market: Harlingen, TX
- Square Footage: 86,640
- Acres: 11.5
The buyer of the industrial property is BH Properties, represented by Scott Henry. The seller in this transaction is Valley Baptist Hospital. The deal was facilitated by brokers Conrad McEachern and Carlos Telles from CBRE.
Players
Harlingen Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93