Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 6001 International Parkway in McAllen, Texas. The subject property consists of approximately 101,710 square feet of cold storage space and is situated on 5.93 acres of land. Developed in 2003, the property was converted for cold storage use in 2016. The multi-tenant asset features seven units, a 28’-30’ clear height, 28 dock-high doors, 18 condensers, 35 evaporators, eight HVAC units, three-phase heavy power with 400 amps and 440 volts, and 120 parking spaces. Primely located along the U.S.-Mexico border, just south of Interstate 2, the property is within 10 miles of two commercial international ports of entry. Positioned within Hidalgo County, the property is located along an overweight corridor route, allowing heavy-load truck shipments. The asset is fully occupied at an average rental rate of $20.45 per square foot. Occupying roughly 10,000 to 20,000 square feet each, Logi-Cold Solutions, ArtMx Produce, and Mega Produce are some of the premier tenants that specialize in the distribution of cold storage products between the U.S. and Mexico. The subject asset is well-positioned within the Lower Rio Grande Valley, also known as “The Valley” or simply RGV. The Valley largely consists of the McAllen (home of the subject asset) and Brownsville- Harlingen markets in the southernmost part of Texas. Containing 4.7 million square feet of cold storage space, RGV is essential to the international trade of fresh produce with Mexico. Given that most of the cold storage space in The Valley is owner-occupied, this sale creates a rare investment opportunity. At 2.3 percent, availability in Q3 2025 among cold storage properties in The Valley is well below the national cold storage vacancy rate of 8.2 percent. Like most industrial markets, annual rent growth for these properties has decelerated in recent years to 1.0 percent in Q3 (CoStar). However, thanks to the United States-Mexico-Canada Agreement, fresh produce imports from Mexico are largely exempt from tariffs, allowing international trade between Mexico and Texas to continue to flourish and support long-term industrial growth in The Valley. McAllen-Harlingen-Brownsville Metroplex is composed of two metropolitan statistical areas, McAllen- Edinburg-Mission metro and Brownsville-Harlingen metro. Positioned along the Texas-Mexico border and Gulf Coast, the metroplex is home to a combined 1.3 million residents. The area’s strategic location fosters a thriving trade sector, making logistics important drivers of the local economy. The region maintains the largest land port for fresh produce imports from Mexico, with 160,000 loads of produce transported in a typical year. Manufacturing firms, including Keppel AmFELS and ESCO Marine, contribute to the area’s diverse economy. The region also boasts a growing aerospace industry, supported by SpaceX’s Boca Chica launch site. The Port of Brownsville serves as a vital deep-water seaport and Foreign Trade Zone, employing over 8,500 individuals. Education and healthcare are strong sectors, with institutions like the University of Texas Rio Grande Valley and major medical centers providing employment opportunities. The Rio Grande River also runs through the area, providing recreational opportunities for locals and visitors.