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The Rio Grande Trio 2 Multifamily Properties in McAllen, TX
Investment Highlights
- Located in the center of one of the fastest growing cities in South Texas
- Value-add potential to modernize units to align with comparable offerings in the surrounding McAllen submarket
- McAllen continues to show resilience with favorable demographics, strong job creation and limited new construction
Executive Summary
Colliers is pleased to present the opportunity to acquire The Rio Grande Trio, a value-add portfolio consisting of 162 total units across three multifamily assets strategically located in the center of one of the fastest growing cities in South Texas.
The portfolio includes Darwin on Ware (42 units), Plaza Royale (88 units), and Sonterra on McColl (32 units). Each property is poised for value-enhancement programs to unlock significant value through targeted renovations and operational enhancements. They may be acquired separately or as a portfolio.
Ideally located near major employment centers, top-rated schools, and a variety of retail and lifestyle amenities, the properties are set to benefit from McAllen’s sustained economic and demographic momentum.
Investment Highlights
Located in the center of one of the fastest growing cities in South Texas — population growth of ˜4.9% from 2020 to 2025
Strong market fundamentals support long-term growth — McAllen continues to show resilience with favorable demographics, strong job creation and limited new construction
Value-add potential to modernize units to align with comparable offerings in the surrounding McAllen submarket
The portfolio includes Darwin on Ware (42 units), Plaza Royale (88 units), and Sonterra on McColl (32 units). Each property is poised for value-enhancement programs to unlock significant value through targeted renovations and operational enhancements. They may be acquired separately or as a portfolio.
Ideally located near major employment centers, top-rated schools, and a variety of retail and lifestyle amenities, the properties are set to benefit from McAllen’s sustained economic and demographic momentum.
Investment Highlights
Located in the center of one of the fastest growing cities in South Texas — population growth of ˜4.9% from 2020 to 2025
Strong market fundamentals support long-term growth — McAllen continues to show resilience with favorable demographics, strong job creation and limited new construction
Value-add potential to modernize units to align with comparable offerings in the surrounding McAllen submarket
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 176,707 SF |
| Number of Properties | 2 | Total Land Area | 5.36 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 176,707 SF |
| Total Land Area | 5.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Plaza Royale Apartments
700 Bales Rd, McAllen, TX 78503 |
Multifamily | 121,086 SF | 1983 | - |
|
Darwin on Ware
2500 S Ware Rd, McAllen, TX 78503 |
Multifamily | 55,621 SF | 1985 | - |
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The Rio Grande Trio
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