Cold Storage Distribution
For Sale
$14,000,000
2243 Goolie Rd, Donna, TX 78537
Cold storage distribution facility delivered in 2009 with 2017 renovations, featuring 11 dock-high doors and 365-kilowatt emergency generation.
Property Size97,590 SF
Lot Size15.48 Acres
Price / SF$143.46
Days on Market65
Property Features for 2243 Goolie Rd
General Information
Standard status
Active
Size
97,590 SF
Lot size
15.48 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
36 ft
Dock-High Doors
11
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Business Included
Yes
Amenities
97,590-Square-Foot Industrial Cold Storage Asset Situated On 15.48 Acres
Delivered 2009 and Renovated in 2017, Featuring 29'-36' Clear Heights, 11 Dock Doors, Two Grade Doors, 47,719 Square Feet of Cold Storage Space, & Three-Phase Heavy Power with 480V and 365 KW Emerge
Ideal for Investors Seeking Equity Stake in BDS with Five-Year NNN Sale-Leaseback at $11.00 Per Square-Foot and 3.0 Percent Escalations | Additional Sale Opportunities Available
Supported by 174 Years of Combined Experience, BDS Provides Specialty Cold Storage Services for Mexican Produce Imports | BDS Seeks to Expand On-site Facility to Increase Revenues
Proximity to I-2 and the Donna/Rio Bravo and Pharr-Reynosa International Bridges
#1 Market for Produce Distribution Between the U.S. and Mexico with 1.5 Percent Vacancy Among Cold Storage in Outlying Hidalgo County Submarket (Q1 2026)
Building Details
Building Size
97,590 SF
Year Built
2009
Year Renovated
2017
Tenancy
Single
Listed By:
William Ballard IV · License #License(s): IL: 475212540
(312) 624-7035
Source:
Marcusmillichap
Added: Jul 3
Changed: Sep 2
Last Checked: Sep 4 at 2:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Ballard IV
Investment Insights
Based on property information with market context.
This industrial cold storage distribution facility totals approximately 97,590 square feet on 15.48 acres. Delivered in 2009 and renovated in 2017, the property includes approximately 47,719 square feet of cold storage space with a 29’ to 36’ clear height. Operational features include 11 dock-high doors, two grade-level doors, three-phase heavy power with 480 volts, and a 365-kilowatt emergency generator.
The property is located along Interstate 2 in Donna, Texas, with proximity to the Pharr-Reynosa International Bridge and about 12 miles north of the Donna/Rio Bravo International Bridge. State Highway 68 is described as a proposed “loop” connecting Interstates 2 and 69C to improve access to the Donna/Rio Bravo bridge. The Donna/Rio Bravo bridge is expected to undergo redevelopment to accommodate commercial cargo, with construction anticipated to begin by July 2026 and targeted completion in December 2027.
The site is anchored by Border Distribution Services (BDS), with logistics and cold storage operations supported by a five-year triple-net leaseback option described at $11.00 per square foot and 3.0% annual escalations.
The property is located along Interstate 2 in Donna, Texas, with proximity to the Pharr-Reynosa International Bridge and about 12 miles north of the Donna/Rio Bravo International Bridge. State Highway 68 is described as a proposed “loop” connecting Interstates 2 and 69C to improve access to the Donna/Rio Bravo bridge. The Donna/Rio Bravo bridge is expected to undergo redevelopment to accommodate commercial cargo, with construction anticipated to begin by July 2026 and targeted completion in December 2027.
The site is anchored by Border Distribution Services (BDS), with logistics and cold storage operations supported by a five-year triple-net leaseback option described at $11.00 per square foot and 3.0% annual escalations.
Key Highlights
- Cold storage distribution facility delivered in 2009 and renovated in 2017, totaling approximately 97,590 SF on 15.48 acres
- Includes 47,719 SF of cold storage with 29' to 36' clear height, plus 11 dock‑high doors and two grade‑level doors
- Industrial power and backup: three‑phase heavy power (480 volts) and a 365‑kilowatt emergency generator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$623,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,471,600
$12.5M
Cap Rate 7%
$8,908,286
$8.9M
Cap Rate 9%
$6,928,667
$6.9M
Market Conditions
NOI Build-Up for 97,590 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$784.6K $8.04/SF
− Vacancy
−$51.0K −$0.52/SF
EGI
$733.6K $7.52/SF
− OpEx
−$110.0K −$1.13/SF
NOI
$623.6K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,471,600
Cap Rate 7%
$8,908,286
Cap Rate 9%
$6,928,667
Alternative Uses
Best Use
Warehouse
$8.91M
$7.79M – $10.39M
NOI $623,580 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$7.34M
$6.42M – $8.56M
NOI $513,536 @ 7.0% cap · market cap 3.67%
Theoretical Best
Hotel Hospitality
$73.51M
$64.32M – $85.76M
NOI $5,145,433 @ 7.0% cap · market cap 36.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
36 ft
Clear height
11
Dock-high doors
2
Drive-in doors
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Cold storage distribution facility delivered in 2009 with 2017 renovations, featuring 11 dock-high doors and 365-kilowatt emergency generation.
Where is this refrigerated & cold storage located?
The property is located at 2243 Goolie Rd Donna, TX.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Cold storage distribution facility delivered in 2009 and renovated in 2017, totaling approximately 97,590 SF on 15.48 acres; Includes 47,719 SF of cold storage with 29' to 36' clear height, plus 11 dock‑high doors and two grade‑level doors; Industrial power and backup: three‑phase heavy power (480 volts) and a 365‑kilowatt emergency generator
