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Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
Maquila Properties Tijuana Industrial Update
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Maquila Properties Tijuana Industrial Update

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  • 0.2% absorption or
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    • 1. Maquila Properties, Inc Baja California Real Estate Services Since 1988Tijuana Industrial Real Estate 2nd Quarter 2012 Absorption is slowing, What’s next? May 16th, 2012 ©Maquila Properties, Inc. All rights reserved Presented by JP de Kervor www.maquilaproperties.com (858) 551.8000
    • 2. Global real estate transaction Maquila Properties, Inc Baja California Real Estate Services Since 1988 volumes are down. www.maquilaproperties.com (858) 551.8000
    • 3. Intraregional Transactoion Maquila Properties, Inc Baja California Real Estate Services Since 1988 volumes are down www.maquilaproperties.com (858) 551.8000
    • 4. Tijuana Market Overall Maquila Properties, Inc Baja California Real Estate Services Since 1988• Tijuana has about 58 million SF of Industrial Real Estate of which 8.7 Million SF are vacant.• Currently available: 154 buildings down from 219 Buildings 18 months ago.• Vacancy Rate is at 15% down from 16% 6 months ago down from 18% 18 months ago.• Absorption is positive– so we are heading in the right direction - Just not very fast. We only absorbed 8,000 SF 1st quarter 2012 www.maquilaproperties.com (858) 551.8000
    • 5. Availability L GRADE LEVEL/ CONSTRUCTION ZONE # GRADE / INDUSTRIAL PARK BUILDING Availble size OFFICE AREA CLEAR HEIGHT DOCKS POWER KVAS RAMP DATE S Maquila Properties, Inc.. Baja California Real Estate Services Since 1988 L 2 c / Otay, seccion dorada FORMER HITACHI 429,763 43,095 (2 levels ) 8 - 40 35 10 1985 ? 2,840 S1 2 a L Otay Chilpancingo Chip B001 268,599 23,530 28 34 4 2009 3502 2 b- L Otay, Bellas Artes COVIDEN 241,000 40,000 24 14 2 1997 7,0003 3 c S BLVD FUNDADORES SCRIPTO TOKAI 230,270 3,875 27 - 17 7 2 1998 3-500 KVAS4 a L Alamar Sares 230,000 2,270 28 34 3 2010 10005 2 c S OTAY Tocabi 193,692 14,117 27 - 32 11 2 1987 35006 5 f BLVD INSURGENTES N-2 EDIF WALDOS 185,140 20 20127 FRONTERA (AMB BLVD b- L 84,128 19,067 18 - 26 18 2 1985 3000 INDUSTRIAL)8 4 a L El Potrero T2 171,718 to suit 29 19 4 20089 4 b- L girasol II planta 2 166,933 1,500 18 - 24 4 1990 4,25010 1994 95 / ex y rem. 3 b- L Ind. Park Pacifico R&R Building B 162,050 13,976 22 22 3 (300 - 500 - 750 ) 2300211 S Carret libre a Rosarito Fetasa Carret libre a Rosarito 157,000 1980+12 www.maquilaproperties.com L c- / S Baja Maq Insurgentes (858) 551.8000 Kimstar Facility 156,636 2,152 24 6 1 1997 3500
    • 6. 7500 4 b- L girasol II planta 1 144,111 18 1992/ 1995/ 2005 69kv transformer14 4 b LA CAMPIÑA 1,2,3,4, 5 Y 6 140,825 18-24 2 100015 Maquila Properties, Inc Baja California Real Estate Services Since 1988 4 b LA CAMPIÑA 7, 8, 9, 10, 11 y 12 132,817 16 - 19 2 X 100016 5 c EL FLORIDO LA PRESA 130,000 20 4 417 2000 kvas / 480 V 500 2 b L Otay SanyoMfg 126,823 8,576 19 - 22 1982 kvas / 208 V18 5 a L Valle bonito CIENEGA 124,000 925.5 22 8 4 200819 a Blvd 2000 Cpa tij B001 122,801 4,865 28 10 1 2009 50020 2 b L OTAY Energy Lab 120,000 36,441 32 2001 300021 5 b- S EL FLORIDO samsung 110,000 28 8 122 2 a L OTAY BELLAS ARTES PLAMEX IV 104,820 BUILT TO SUIT 28 22 ????? 2009 750 KVAS23 3 b- L Ind. Park Pacifico R&R Building A 104,279 22,437 19 18 1 1995 2 (1,000 - 1,500)24 4 c- L BLVD BENITEZ Bodega #1 101,18425 2 d S OTAY 9 NORTE # 19026 101,180 14 - 19 300 / 50026 www.maquilaproperties.com (858) 551.8000
    • 7. Maquila Properties, Inc Baja California Real Estate Services Since 1988www.maquilaproperties.com (858) 551.8000
    • 8. Absorption is almost 0 Maquila Properties, Inc Baja California Real Estate Services Since 1988 Thank you CBRE www.maquilaproperties.com (858) 551.8000
    • 9. Tijuana Transactions 1st Q 2012 Maquila Properties, Inc Baja California Real Estate Services Since 1988 Nombre pies cuadrados edificio Comentarios Foxconn -195,978 Prologis Alamar #3 Filtec -82,000 FINSA TIP Foxconn -55,000 Frisa- El Aguila Bucher -42,000 Iamsa, Nave Oasis Crockett -42,000 Prologis TIC #4 HyperPlastics -21,076 Azteca C Global Packaging Solutions -16,663 Flora y Fauna de Atisa Biotix -16,250 Campina 16 Ceva 11,000 Girasol CMC Converting 11,959 Girasol Coast Alluminum 14,601 Girasol Direcciones III 15,522 Azteca E Dela 31,000 Iamsa- Valle Bonito, Pradera Mexcal 31,000 Iamsa- Valle Bonito, Cienega J and J plastics 32,000 Prudential valle sur Birdair 41,306 Prologis Alamar #1 Baja Fur 75,342 Verde Otay I Vaso King 100,000 Prologis Frontera Cooper Bussman 115,269 CPA Calle Doce Norte Absorción neta 8,032Thanks to Jorge Solis at CBRE www.maquilaproperties.com (858) 551.8000
    • 10. Where are they being leased? Maquila Properties, Inc Baja California Real Estate Services Since 1988 www.maquilaproperties.com (858) 551.8000
    • 11. Conclusions Maquila Properties, Inc Baja California Real Estate Services• Prices and Vacancy are stable. Since 1988• Time to buy if you can take advantage of low financing costs.• Empty buildings selling for less than $20/SF.• Leased buildings at 10% cap for LT leased with solid US corporate guarantee.• Election year pause and uncertainty may be a factor.• We expect to see less than 1 million SF of net absorption in 2012. www.maquilaproperties.com (858) 551.8000

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