International Parkway Cold Storage
Industrial | 101,710 SqFt
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CONTACT BROKER FOR PRICING.
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 $20.36 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.
Investment highlights
- Multi-Tenant 101,710-Square-Foot Cold Storage Asset Situated on 5.93 Acres
- Featuring Seven Units, 28’-30’ Clear Height, 28 Dock Doors, & 120 Parking Spaces
- Fully Occupied at $20 Per Square Foot | Highlighted by NE Food Distributor Logi-Cold
- Located within Overweight Corridor in Close Proximity to Two Key International Ports
- The Valley Cold Storage Market: 2.3% Vacancy vs. 8.2% National Average
- Strong Historical Occupancy with 27% Rent Growth Since the Pandemic
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