Marcus & Millichap is pleased to present the opportunity to acquire the property located at 828 Hallmark Drive in Laredo, Texas, leased to Vectorial Network Logistics. The subject property consists of approximately 23,490 square feet of warehouse logistics space and is situated on 1.84 acres of land. Delivered in 2007, the single-tenant asset features a clear height ranging from 16’ to 22’, six dock-high doors, metal construction, two HVAC units, and 12 parking spaces. With a fully concrete-paved yard that can contain up to 30 trailers, the property is ideal for distribution and logistics. Primely located in the Milo Industrial Park, the property has strategic access to a strong workforce, Interstates 35 and 69 West, and the World Trade Bridge. Expiring in December 2025, the tenant is signed to a modified gross lease at $7.41 per square foot. Established in 2012, Vectorial Network Logistics is a wholesale importer and exporter, specializing in customs, logistics, distribution, storage, and transportation of merchandise. The vacancy of Vectorial Network Logistics gives buyers a lease-up or owner-user opportunity.
The Laredo industrial market is relatively small, containing 47.7 million square feet of space, centered around international trade with Mexico. In 2024, net absorption remained in positive territory at 711,000 square feet. Given that most of the new supply was concentrated in midsize and big-box warehouses, the vacancy rate among comparable properties under 50,000 square feet, remained in low territory last year at 3.5 percent. (CoStar).
Located on the U.S.-Mexico border, Laredo has a long history as the center of trade between the two countries. Laredo became the first official port of entry on the border in 1851 and today is the leading port in the nation among more than 450 airports, seaports, and border crossings, handling $320 billion in trade in 2023. Each year, over four million commercial trucks pass through Port Laredo, creating a robust logistics industry. Area colleges and universities deepen the advantages for companies, providing thousands of students equipped with the skills to fill in-demand jobs each year. After experiencing a significant decline during the pandemic in 2020, metro Laredo’s population stabilized, rising to 269,000 in 2023 (Texas Economic Development Corporation, Laredo Economic Development Corporation). In recent years, Laredo has been the top beneficiary of the ongoing nearshoring movement in which domestic companies have shifted production from China to Mexico in the wake of rising tariffs and the Chinese lockdowns that took place during the pandemic. In early 2023, Mexico surpassed China as America’s top importer, providing a windfall for ports of entry primarily along the Texas-Mexico border (U.S. Census Bureau).
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0490174)
