1045 MEXICO BLVD Brownsville TX 78520-4180

Brownsville is the largest city in the Rio Grande Valley and located within Cameron County in South Texas. The city is adjacent to Matamoros, Mexico, which has a population of over 750,000 people.

The economic in Brownsville is made up of the service and manufacturing industries, as well as education, aerospace, and space transportation. Matamoros’ textile manufacturing has led to Brownsville becoming one of the fastest-growing manufacturing sectors in the country. It’s location and subtropical climate also make it a commercial hub for the citrus industry. Matamoros’ textile manufacturing has led to Brownsville becoming one of the fastest-growing manufacturing sectors in the country.

Major employers in Brownsville-Harlingen include All Star Metals, ESCO Marine, H-E-B, Keppel AmFELS, National Electric Coil, Rich SeaPak, Trico Products and Worldwide Digital.

In 2014, Elon Musk began construction of the SpaceX South Texas Launch Site nearby on the Gulf Coast which will employ 500 people and produce $85 million of revenue for the city by 2024. It is estimated that the SpaceX site has created 3,000 jobs in the Brownsville area.

Facility Highlights:

• All climate controlled conversion with new HVAC and new roof in 2018 with 20 year transferable warranty.
• Opportunity to implement institutional marketing/rate algorithms to further drive occupancy and rate.
• Significant variance to boost street rates as facility physical achieves stabilization
• Strong trailing lease-up trajectory heading into the 2021 season.

Market Highlights:

Favorable supply dynamics in the immediate trade area, 6.69 sq ft per person in the 3-mile radius and 4.56 in the 5-mile radius.

Solid population density with strong growth expected, ~53k in a 3-mile radius and 130k in a 5-mile radius.

SpaceX continues to ramp up the Brownsville launch site with over 500 people employed at the facility which opened in 2018.

No new future developments in the trade area.