Northmarq completes sale leaseback of trucking property in Alamo, TX

ALAMO, Texas (Oct. 10, 2024) — Northmarq’s Commercial Investment Sales team of Greg Paparis and Anthony Cohen in collaboration with Brett Butler successfully brokered the sale leaseback of an industrial truck terminal on behalf of Aleman Trucking, a cross-border freight transportation provider located in Alamo, Texas. The property features a newly constructed state-of-the-art maintenance facility, which allows the company to perform its own repairs and maintenance, along with several acres of improved truck parking space. Aleman Trucking is leasing back the property under a long-term absolute NNN lease.

Northmarq represented the seller, Aleman Trucking. The buyer was a REIT that invests in single-tenant net lease assets across the United States.

“We were able to bring in several competitive offers and get this deal to close on a quick timeline,” said Paparis. “It was a real pleasure working with both the seller and buyer, as well as everyone else involved. Aleman Trucking is an outstanding business that is experiencing significant growth, and we’re confident that this transaction will help the company continue its success for many years to come.”

This trucking facility is situated on 10 acres and consists of two warehouse-office buildings totaling 17,332 sq. ft., as well as a wash rack, storage canopies and a three-bedroom house used for corporate housing. The site has also been improved with asphalt and caliche paving, perimeter fencing and parking lot lights. It is conveniently located near Interstate 2 and Interstate 69C in the fast-growing McAllen-Edinburg-Mission metropolitan area.