FORMER PENSE - 802 N. EXPRESSWAY 77 HARLINGEN, TX …former-penske)-harlingen.pdfformer penske - 802 n. expressway 77 harlingen, tx 78550 The information contained herein has, we believe,

The information contained herein has, we believe, been obtained from reasonably reliable sources and we have no reason to doubt the accuracy of such information, however, no warranty or guarantee, either expressed or implied, is made to the accuracy thereof, all such information is submit-ted, subject to errors, omissions or changes in condition prior to sale, lease or withdrawal without notice. All information contained herein should be verified b the person relying thereon. We have not made and will not make any warranty or representations as to the condition of the property nor the presence of any hazardous substances or any environmental or other conditions that may affect the value or suitability of the property.

Lupita-Gutierrez Garza 956.536.9596

[email protected]

FORMER PENSKE - 802 N. EXPRESSWAY 77 HARLINGEN, TX 78550

Christian Gutierrez 956.367.5043

[email protected]

Southern Commercial Real Estate Group 956.412.7273

www.screg.net

LATEST PHOTO



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PROPERTY HIGHLIGHTS

PROPERTY DETAILSDEAL TERMS

LOCATION DESCRIPTION

TRAFFIC COUNT MAP

• The property is a former Penske Truck Rental. Ideal for any automotive related business.

• This property consists of two buildings.• Building 1: 4,000 square feet (+/- 3,200 ft. of warehouse and +/- 800 sq.

ft. of office/retail space, with 4 grade level bay doors.• Building 2: 4,000 square feet warehouse/garage with four grade level

bay doors for easy access to vehicles.

• Property completely fenced and has a yard big enough for parking vehicles. See photos.

• The property is located at the corner of Teege Rd and Expressway 77. • Very close to the up and coming Bass Pro Shop development.• Visibility is outstanding. Easy access to and from Expressway.

• Located in Harlingen, in the heart of the Rio Grande Valley, this property is a short drive East to the Port of Brownsville, West to the McAllen-Mission-Edinburg metroplex, and South to Mexico via several international trade bridges.TX DOT (2015)

Asking Rent $9.00 - $12.00 /SF

Space Available 8,000 SF

Property Type Industrial

Building Size 4,000 SF

Lot Size 1 AC



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TRAVEL DISTANCE

• Expressway 83/IH 2 +/- 2.3 miles• Expressway 77/IH 69 +/- 0.7 miles• Los Indios Bridge +/- 15.1 miles• Brownsville +/- 28.3 miles• Mcallen/Mission/Edinburg +/- 36.0 miles





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Distance/Direction Report - Home to Work All Jobs for All Workers in 2014Created by the U.S. Census Bureau’s OnTheMap http://onthemap.ces.census.gov on 07/31/2017

Density of Work Locations for All Jobs in Home Selection Area in 2014All Workers

Map Legend

Job Density [Jobs/Sq. Mile]5 - 9 10 - 21 22 - 42 43 - 72 73 -110

Page 1 of 3

All Jobs for All Workers in 2014Distance and Direction from Home Census Block to Work Census Block, Living in Selection Area

Less than 10 miles10 to 24 miles25 to 50 milesGreater than 50 miles

All Jobs for All Workers in 2014Distance from Home Census Block to Work Census Block, Living in Selection Area

2014Distance Count Share

Total All Jobs 443 100.0Less than 10 miles 324 73.110 to 24 miles 86 19.425 to 50 miles 31 7.0Greater than 50 miles 2 0.5

Page 2 of 3



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Distance/Direction Report - Work to Home All Jobs for All Workers in 2014Created by the U.S. Census Bureau’s OnTheMap http://onthemap.ces.census.gov on 07/31/2017

Density of Home Locations for All Jobs in Work Selection Area in 2014All Workers

Map Legend

Job Density [Jobs/Sq. Mile]5 - 6 7 - 910- 16 17 - 24

Page 1 of 3

All Jobs for All Workers in 2014Distance and Direction from Work Census Block to Home Census Block, Employed in Selection Area

Less than 10 miles10 to 24 miles25 to 50 milesGreater than 50 miles

All Jobs for All Workers in 2014Distance from Work Census Block to Home Census Block, Employed in Selection Area

2014Distance Count Share

Total All Jobs 768 100.0Less than 10 miles 331 43.110 to 24 miles 205 26.725 to 50 miles 121 15.8Greater than 50 miles 111 14.5

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Executive Summary802 N Expressway 77, Harlingen, Texas, 78550Rings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesPopulation

2000 Population 6,115 53,964 79,6802010 Population 5,840 57,446 88,6082017 Population 6,102 60,031 94,1662022 Population 6,308 62,121 98,1372000-2010 Annual Rate -0.46% 0.63% 1.07%2010-2017 Annual Rate 0.61% 0.61% 0.84%2017-2022 Annual Rate 0.67% 0.69% 0.83%2017 Male Population 48.3% 48.3% 48.4%2017 Female Population 51.7% 51.7% 51.6%2017 Median Age 33.6 34.3 34.1

In the identified area, the current year population is 94,166. In 2010, the Census count in the area was 88,608. The rate of change since 2010 was 0.84% annually. The five-year projection for the population in the area is 98,137 representing a change of 0.83% annually from 2017 to 2022. Currently, the population is 48.4% male and 51.6% female.

Median Age

The median age in this area is 33.6, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 85.9% 86.4% 86.3%2017 Black Alone 0.6% 1.3% 1.4%2017 American Indian/Alaska Native Alone 0.5% 0.6% 0.6%2017 Asian Alone 0.1% 0.8% 1.2%2017 Pacific Islander Alone 0.0% 0.0% 0.1%2017 Other Race 11.0% 8.9% 8.6%2017 Two or More Races 1.9% 1.9% 1.9%2017 Hispanic Origin (Any Race) 92.3% 83.3% 80.9%

Persons of Hispanic origin represent 80.9% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 48.4 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 1,864 17,502 26,1072010 Households 1,797 18,727 29,1422017 Total Households 1,874 19,551 30,9442022 Total Households 1,937 20,229 32,2502000-2010 Annual Rate -0.37% 0.68% 1.11%2010-2017 Annual Rate 0.58% 0.60% 0.83%2017-2022 Annual Rate 0.66% 0.68% 0.83%2017 Average Household Size 3.26 3.05 3.01

The household count in this area has changed from 29,142 in 2010 to 30,944 in the current year, a change of 0.83% annually. The five-year projection of households is 32,250, a change of 0.83% annually from the current year total. Average household size is currently 3.01, compared to 3.01 in the year 2010. The number of families in the current year is 23,466 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

July 31, 2017

©2017 Esri Page 1 of 2


Executive Summary802 N Expressway 77, Harlingen, Texas, 78550Rings: 1, 3, 5 mile radii

1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $28,233 $38,865 $41,4872022 Median Household Income $30,547 $43,772 $46,8582017-2022 Annual Rate 1.59% 2.41% 2.46%

Average Household Income

2017 Average Household Income $39,168 $55,829 $59,2762022 Average Household Income $45,064 $64,073 $68,0402017-2022 Annual Rate 2.84% 2.79% 2.80%

Per Capita Income2017 Per Capita Income $11,895 $18,427 $19,8452022 Per Capita Income $13,675 $21,084 $22,6872017-2022 Annual Rate 2.83% 2.73% 2.71%

Households by IncomeCurrent median household income is $41,487 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $46,858 in five years, compared to $62,316 for all U.S. households

Current average household income is $59,276 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $68,040 in five years, compared to $91,585 for all U.S. households

Current per capita income is $19,845 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $22,687 in five years, compared to $34,828 for all U.S. households

Housing2000 Total Housing Units 2,281 20,965 32,736

2000 Owner Occupied Housing Units 1,346 11,616 17,5092000 Renter Occupied Housing Units 518 5,886 8,5982000 Vacant Housing Units 417 3,463 6,629

2010 Total Housing Units 2,171 22,209 34,3802010 Owner Occupied Housing Units 1,314 12,402 19,1872010 Renter Occupied Housing Units 483 6,325 9,9552010 Vacant Housing Units 374 3,482 5,238



Currently, 52.9% of the 36,708 housing units in the area are owner occupied; 31.4%, renter occupied; and 15.7% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 34,380 housing units in the area - 55.8% owner occupied, 29.0% renter occupied, and 15.2% vacant. The annual rate of change in housing units since 2010 is 2.95%. Median home value in the area is $89,903, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 5.10% annually to $115,266.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

July 31, 2017



Tapestry Segmentation Area Profile802 N Expressway 77, Harlingen, Texas, 78550Drive Time: 5 minute radius

Top Twenty Tapestry Segments

2017 Households 2017 U.S. HouseholdsCumulative Cumulative

Rank Tapestry Segment Percent Percent Percent Percent Index1 Southwestern Families (7F) 64.7% 64.7% 0.8% 0.8% 78052 Barrios Urbanos (7D) 18.7% 83.4% 1.0% 1.8% 1,7853 Senior Escapes (9D) 15.1% 98.5% 0.9% 2.7% 1,6694 Exurbanites (1E) 0.9% 99.4% 1.9% 4.6% 475 Southern Satellites (10A) 0.5% 99.9% 3.1% 7.7% 17

Subtotal 99.9% 7.7%

6 Midlife Constants (5E) 0.0% 99.9% 2.5% 10.2% 2

2.5%

Total 100.0% 10.4% 966

SiteU.S.

Top Ten Tapestry Segments Site vs. U.S.Top Ten Tapestry Segments Site vs. U.S.

Southwestern Families (7F)

Barrios Urbanos (7D)

Senior Escapes (9D)

Exurbanites (1E)

Southern Satellites (10A)

Midlife Constants (5E)

Percent of Households by Tapestry Segment6050403020100

Data Note: This report identifies neighborhood segments in the area, and describes the socioeconomic quality of the immediate neighborhood. The index is a comparison of the percent of households or Total Population 18+ in the area, by Tapestry segment, to the percent of households or Total Population 18+ in the United States, by segment. An index of 100 is the US average.Source: Esri

July 31, 2017



Tapestry Segmentation Area Profile802 N Expressway 77, Harlingen, Texas, 78550Drive Time: 5 minute radius

2017 Tapestry Indexes by Households2017 Tapestry Indexes by Households

Tape

stry

Seg

men

ts

1A

1C

1E

2B

2D

3B

4A

4C

5B

5D

6A

6C

6E

7A

7C

7E

8A

8C

8E

8G

9B

9D

9F

10B

10D

11A

11C

11E

12B

12D

13B

13D

14A

14C

Index7,0006,0005,0004,0003,0002,0001,0000

2017 Tapestry Indexes by Total Population 18+2017 Tapestry Indexes by Total Population 18+

Tape

stry

Seg

men

ts

1A

1C

1E

2B

2D

3B

4A

4C

5B

5D

6A

6C

6E

7A

7C

7E

8A

8C

8E

8G

9B

9D

9F

10B

10D

11A

11C

11E

12B

12D

13B

13D

14A

14C

Index6,0005,0004,0003,0002,0001,0000

Data Note: This report identifies neighborhood segments in the area, and describes the socioeconomic quality of the immediate neighborhood. The index is a comparison of the percent of households or Total Population 18+ in the area, by Tapestry segment, to the percent of households or Total Population 18+ in the United States, by segment. An index of 100 is the US average.Source: Esri

July 31, 2017



Information About Brokerage Services 11-2-2015

Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

Put the interests of the client above all others, including the broker’s own interests;Inform the client of any material information about the property or transaction received by the broker;Answer the client’s questions and present any offer to or counter-offer from the client; andTreat all parties to a real estate transaction honestly and fairly.

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner,usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, includinginformation disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through awritten representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of anymaterial information about the property or transaction known by the agent, including information disclosed to the agent by the seller orseller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly;May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.Must not, unless specifically authorized in writing to do so by the party, disclose:

that the owner will accept a price less than the written asking price;that the buyer/tenant will pay a price greater than the price submitted in a written offer; andany confidential information or any other information that a party specifically instructs the broker in writing not todisclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent thebuyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:The broker’s duties and responsibilities to you, and your obligations under the representation agreement.Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation foryou to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name orPrimary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

Phone: Fax:

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Sales Agent/Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

IABS 1-0TAR 2501

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Southern Commercial Real Estate Group, 414 West Harrison Ave. Harlingen, TX 78550 956.412.7273 .956.425.0868Lupita Gutierrez-Garza

IABS

Southern Commercial Real Estate Group 412275 [email protected] (956) 412-7273

Documents

FORMER PENSE - 802 N. EXPRESSWAY 77 HARLINGEN, TX …former-penske)-harlingen.pdfformer penske - 802 n. expressway 77 harlingen, tx 78550 The information contained herein has, we believe,