1300 East Upas Avenue 1300 E Upas Ave 26,000 SF Industrial Building McAllen, TX 78501 $3,130,487 CAD ($120.40 CAD/SF)

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.
Located less than two miles from the Interstate 69 and Interstate 2 interchange, the property is strategically located. This proximity makes it an attractive option for businesses that rely on efficient logistics and transportation. The property is also 16 miles north of the Pharr-Reynosa International Bridge, further enhancing its accessibility. The 24 percent floor area ratio provides ample industrial outdoor storage space and allows for potential expansion or additional development. The property's pricing is competitive, with an offering price well below replacement costs at $85 per square foot. At this price, the property can generate an above-market 9.2 percent cap rate on a conservative pro forma rent of $7.80 per square foot. During Q2 2026, the vacancy rate stood at 4.0 percent, with average market rents at $9.90 per square foot among comparable industrial properties in the McAllen market.