Sugar Rd Investment
2901 N Sugar Rd
Pharr, TX 78577
https://thebrokerlist.com/have/sugar-rd-investment-98478
FOR SALE
Last Verified:
Nov 21, 2020
Highlights
- 2 Building Complex
- Industrial Flex Space NNN Leased
- 3,120 SF Mezzanine on 2901 N. Sugar Building
- Multi-Tenant Retail Space
- Access to major thoroughfares
Description
Excellent investment 2 building complex. One building is single tenant fully leased NNN, and the other is partially leased at Modified Gross. Excellent upside on rental revenue with only 60% of the total 10,544 SF leased.
2901 N. Sugar building is fully leased NNN and 2905 N. Sugar has one space leased with two other suites available for lease.
High vehicle traffic property with great access around the McAllen/Edinburg/Mission market.
Located in Pharr, Texas with easy access to McAllen, Edinburg, & Mission. Close to Expressway 69-C & Expressway 83.
Year Built: 2005
Building Size: 10544.0sq ft
Lot Size: 0.81 acres
Map of 2901 N Sugar Rd, Pharr, TX, 78577
What are Real Estate Incentives?
Real Estate incentives range widely and have been overlooked by the
Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
- U.S. Public: Many incentives focus on job creation and Affordable Housing
- Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
- Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
- Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
