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Cold Storage Property Survey - Houston

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Posted March 28, 2020 and Updated March 28, 2020 by Steve Watts, Eric Hughes #

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We’ve seen a significant amount of traffic on our site involving cold storage. In the process of pursuing property for one of these clients, our Houston Affiliate refreshed an in-depth survey he keeps for this need. To make a long story short, this type of property is scarce. It does exist, but one has to dig deep.  Even a large Third Party Logistics provider with a focus on cold storage capacity reported being unable to accept new business during this survey. We’ll cover critical portions of this survey. If you need cold storage warehouse space in the Houston area, please contact us for more detail.

As of the time of writing this article, he identified seven properties with some form of cold storage that either are or might be available for sale or lease. One is outside the 610 loop near highway 69(Eastex). One is near East Sam Houston Parkway. The remaining 5 can be described to varying degrees to be in North to Northwest Houston. In the scheme of things, this is a sign of some scarcity, but this is also not to say that more couldn’t be found. Finding all of these took some digging, though, and change is a given in commercial real estate.

The following table outlines the different types of space available for each property.

PropertyTot SFLand (acres)Office SFFreezer SFCooler SFDry St SF

As you can see, the available properties span a wide variety of space requirements. Lease rates - where applicable - range from $0.72 to $1.20 /SF/Month. Purchase prices - where applicable - range from $2.2M to $28M.

As you likely already know, there are many factors to consider when leasing or purchasing warehouse property in general. Adding cold storage capacity to the mix adds a good deal of complexity to that. Our Houston Affiliate is building a good deal of experience in the area, and we hope if you have Houston Cold Storage needs, you give us the opportunity to serve you. Click here to get started, call us at the number listed in the upper right, or use our chat box in the lower right.

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