The NAI Hiffman Industrial Capital Markets Team (“NAI Hiffman”) is pleased to present for sale 6700 Paredes Line Road in Brownsville, Texas (the “Property”). 6700 Paredes Line Road is a 1,040,226-square-foot distribution and manufacturing facility. The Property is 100% leased on an absolute-net basis to First Brands Group and Creative Liquid Coatings (collectively the ‘Tenants’) with 4.85 years of remaining weighted average lease term (as of 07/01/2024). The Property is situated less than one mile from US-550, seven miles from the Port of Brownsville, and twelve and a half miles from Matamoros, Mexico. SpaceX also has a launch facility in Brownsville, located twenty-seven miles from the Property, where the company tests its Starship reusable rocket.

Brownsville, Texas, and Matamoros, Mexico are located directly across the border from each other, separated by the Rio Grande River. Brownsville and Matamoros are part of a bustling cross-border trade corridor, with significant exchange of goods and services.

First Brands Group has strong ties to Matamoros, Mexico, and relies on the Brownsville FTZ for its operations, with numerous plants in Matamoros, manufacturing various automotive components. Creative Liquid Coatings is also in the automotive sector, operating injection molding equipment, painting and surface finishing, and doing parts assembly.

The Property comes with very favorable assumable interest-only CMBS debt at a 3.683% interest rate, which matures on February 6, 2032.