1300 East Upas Avenue
Industrial | 26,000 SqFt
Marketing description
The property is a vacant two-building 26,000-square-foot industrial asset situated on 2.51 acres of land. It is move-in ready for owner-use or a lease-up opportunity, providing flexibility for potential buyers. The functional layout features office space, which could be used for showroom or retail, making it suitable for various types of businesses. The property has 19,000 square feet of climate-controlled space served by ten HVAC units, ensuring a comfortable working environment. The space also features 16’ and 30’ clear heights, allowing for efficient use of the area. Additionally, the property has two dock-high doors, four drive-in doors, and three-phase heavy power with 400amps at 480Y/277 volts, catering to businesses with specific operational requirements. The recent 2024 roof improvements to skylight and seam repairs ensure the property is well-maintained.
Investment highlights
- Vacant Two-Building 26,000-Square-Foot Industrial Property Situated on 2.51 Acres of Land | Move-in Ready for Owner-Use or Lease-Up Opportunity
- Featuring a Functional Layout with Potential Showroom/Retail/Office Space, 19,000 SF of Climate-Controlled Space Served by Ten HVAC Units, 16' and 30' Clear Heights, Two Docks, Four Drive-Ins, and Three-Phase Heavy Power with 400A and 277-480V
- Recent 2024 Roof Improvements to Skylight and Seam Repairs | 24% FAR Provides Ample IOS
- Strategically Located Less than Two Miles from I-69 and I-2 Interchange | 16 Miles North of Pharr-Reynosa International Bridge
- Priced Well Below Replacement Costs at $85/SF | 9.2% Cap Rate on Conservative $7.80/SF Pro Forma Rent
- Q2 4.0% Vacancy Rate and $9.90/SF Market Rent Among Comparable 10,000-50,000 SF Industrial Properties in the McAllen Market
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