Acquisition Announcement: 11018 Delta - Laredo Industrial

The Opportunity

11018 Delta Drive was the off-market acquisition of a 72,868 SF tilt wall industrial warehouse in Laredo. Purchased 100% vacant, the acquisition presented an immediate mark-to-market opportunity leasing opportunity in the historically 99% occupied San Isidro submarket. Located 3.5 miles from the World Trade Bridge, host to 60% of the truck traffic between the U.S. and Mexico and the largest overland port in the nation, the property is uniquely positioned to capitalize on the booming near-shoring trend and the significant expansion plans of the World Trade Bridge, slated to double in capacity in the next three years.

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Area Overview

Located at "Main & Main" for industrial product.

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San Isidro East Point Center

• San Isidro East Point Park’s 99% historic occupancy is due to its seamless access to key transportation routes, including I-35.
• Demand is demonstrated through the presence of major corporations, including Sony Electronics, Cisco, and Uber Freight.
• The park ensures efficient cross-border logistics, lower transportation costs, and the ability to quickly reach both U.S. and Mexican markets.
• Its direct access to major transportation routes has also spurred the development of an adjacent commercial strip, further attracting employers and employees to the area.

Property Overview

Laredo's Strategic Positioning & Comparative Lack Of Supply

Laredo is dramatically underserving its Mexican counterpart markets, which have a 3:4+ ratio of space when comparing US to Mexican markets.

• Due to Mexico’s northern mountain range and Laredo’s strategic position relative to I-35, the vast majority of nearshoring activity is funneling into Laredo.
• Monterrey and Saltillo represent 56% of nearshoring market share with 207.9M SF of total industrial SF.
• After absorbing over 20M SF last year, the two cities have an additional 14.5M SF of industrial space under construction.
• In Saltillo, 100% of the current product under construction is pre-leased.

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