Garver Regional Headquarters 612 Victoria Ln 27 000 pi² Bureau Immeuble Harlingen, TX 78550 13 788 599 $ CAD (510,69 $ CAD/pi²) 7,75% Taux de capitalisation

Cushman & Wakefield is pleased to present the opportunity to acquire a new state-of-the-art 27,000 square foot regional headquarters office building leased to Garver, LLC with a new 10-year NNN lease with 3% annual rent increases.
Garver’s new regional headquarters office serves as an expansion and relocation of its existing Water Design Center operations in Harlingen (1 of 4 in the U.S.), and is part of a new $94 million, 300,000 square foot mixed-use development including retail, residential, hospitality, and medical office. The property is located on the northeast corner of Victoria Lane and Hale Avenue in the city’s burgeoning Medical District. Across the street from the property is Medical Center Plaza, a multi-specialty medical office complex, and Solara Specialty Hospitals Harlingen, a 41-bed long-term acute care facility. Just north of the property is the 586-bed Valley Baptist Medical Center, one of the area’s premier healthcare providers, and the Texas Valley VA Health Center, among numerous other nursing facilities, rehabilitation centers and medical clinics.
Located less than three miles from downtown Harlingen, the property is positioned between Interstate 69 (I-69) and Highway 77 and boasts access to both Valley International Airport, which counts over two million annual passengers and serves as the air cargo hub of the Rio Grande Valley, and the Port of Harlingen, which generates over $4.6 billion in economic activity annually, in approximately ten minutes. Near the I-2 and I-69 Junction, the site also benefits from excellent regional accessibility, with the Port of Brownsville, a major deep water port that generates $12 billion in economic impact annually and will soon see completion of a critical liquefied natural gas terminal, accessible within 30 minutes, and Starbase, SpaceX’s flagship rocket facility, accessible within an hour.