701 Trinity - Availability Details
701 Trinity, Mission, TX 78572
- For Sale $5,200,000
- City Mission
- Neighborhood Mission
- Zip Code 78572
- Market McAllen
- Property Type Industrial
- Property Size 51,600 Sqft
- Lot Size 4.69 Acre
- Date Updated 25 Feb, 2021
- Dock High Doors 19
- Ramp Doors 1
The Murphy Commercial Group as part of NAI PARTNERS has been exclusively retained to market the industrial warehouse property located on 701 Trinity St in Mission Texas for sale. This offering represents an investment opportunity for an investor or owner-user interested in acquiring a newly remodeled cold storage facility, in an emerging market, at a value well below replacement costs.
This cold storage facility is optimally located in the Mission Expressway Industrial Park which is the preeminent industrial park in Mission Texas. The facility was constructed in three phases. The first phase was built in 2002 while the second and third phase were completed in 2012 and 2015, respectively. The facility boasts a recent renovation to the portion completed in 2002 accounting for approximately 10,000 square feet of the building.
This property is being marketed at an attractive entry basis of $100.78/SF. At $11.00 per square foot triple net, the pro forma cap rate can be 10.92%. Analytics show the market’s low amount of available supply, and limited speculative development improve the odds of leasing this asset within 6 months.
Ready for cold storage operation
Priced well below replacement costs ($100.78/ SF)
Recently remodeled office
Ample yard for storage and parking
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