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Investment Highlights
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Savills is pleased to present to select investors the Teraq Portfolio (hereafter referred to as “the Properties” or “the Portfolio”),
a unique opportunity to acquire 5 class A industrial properties in Queretaro, a strong market with increasing momentum.
Financial
- Stabilized year 1 NOI exceeds USD $3.34 M USD
- Most lease contracts tied to standard inflation indexation clauses
- Binding USD denominated lease contracts shielding cash flow from currency risk
- Fully leased Portfolio (96% occupancy rate) guaranteeing income from day one
LEASE CONTRACTS
- Weighted Average Lease Term is above 4.05(1) years providing income security
- Tenant sector diversification: Automotive, plastic manufacturing, packaging and labelling and general industry
Properties
- Net Rentable Area of 550,176 sqft
- Managed and maintained to the highest quality and institutional standards
- Most of the properties were upgraded to market specifications in the last 3 years
- Long-term retention, most existing tenants have exercised at least one lease renewal option
- Four of the land plots are contiguous summing 968,752 sqft, out of the total land of 1,095,840 sqft
Geographical
- Valuable exposure to an important industrial hub in Mexico
- Attractive vacancy rates, with 2025 Q1 figures at 4.23%
Note: (1) Remaining lease term figure calculated as of 30/06/2025
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Portfolio Summary
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Located in Queretaro, the Teraq Portfolio totals approximately 550,176 square feet of Net Rentable Area (51,113 square meters).
The offering comprises 5 single and multi-tenant properties, all of which are located in one of the most strategic manufacturing and logistics hubs in Mexico. The Portfolio boasts 96% occupancy, with 7 industry-leading tenants and 100% of the lease income denominated in US Dollars. The remaining weighted average lease term is 4.05 [1] years and the leases have strong annual escalations.
This investment provides the opportunity to acquire a stabilized Portfolio, located in the top industrial park in Queretaro, one of the Bajio region’s leading markets.
| Property Name | % leased | Total land | NRA | Year built | |||
| SqFt | SqM | SqFt | SqM | ||||
| 1 | PIQ-B1 | 83% | 242,188 | 22,500 | 121,348 | 11,274 | 1998 |
| 2 | PIQ-B2 | 100% | 242,188 | 22,500 | 122,063 | 11,340 | 2000 |
| 3 | PIQ-B3 | 100% | 242,188 | 22,500 | 122,239 | 11,356 | 1999 |
| 4 | PIQ-B4 | 100% | 242,188 | 22,500 | 122,063 | 11,340 | 2000 |
| 5 | PIQ-B5 | 100% | 127,088 1 | 11,807 | 62,463 | 5,803 | 2000 |
| 96% | 1,095,840 | 101,807 | 550,176 | 51,113 | |||
Note: (1) Remaining lease term figure calculated as of 30/06/2025
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Location
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Portfolio Address
Avenida de la Montaña, Parque Industrial Queretaro, Santa Rosa Jauregui, Queretaro, ZIP Code 76220
Main Considerations
Santiago de Queretaro, located in the State of Queretaro, is in north-central Mexico, a region known as the Bajio that is historically popular among international and domestic companies.
As of 2020, the population in the state of Queretaro was 2,368,467 inhabitants (48.8% men and 51.2% women). Compared to 2010, this represented an increase of 29.6%
In the third quarter of 2024, the labor participation rate in Querétaro was 60.4%, which implied an increase of 1.46 percentage points compared to the previous quarter (59%).
The unemployment rate was 2.39 % (29.2k people), which implied a decrease of 0.35 percentage points compared to the previous quarter (2.75%).
The Portfolio has access to the NAFTA Highway. The NAFTA Highway is the name given to a group of highways linking Canada, the United States, and Mexico – an important route for trade between the members of the United States-MexicoCanada Agreement (USMCA), which became effective on July 1, 2020.
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Gallery
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LEVEL 1 – TEASER & NDA
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Contacts
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Savills S. de R.L. de C.V.
Corporativo Neuchatel
Av. Río San Joaquín 498, Interior 201
Amp Granada, Miguel Hidalgo, 11529
Ciudad de México, CDMX
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Javier Kutz
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M: +52 (55) 3791 6652 |
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René Picard
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M: +52 (55) 3791 6759 |
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Michel Hilal
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M: +52 (55) 1234 6502 |
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Claudia Ollé
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M: +52 (56) 3835 6943 |
Important Notice
Savills, their clients and any joint agents give notice that:
1. They are not authorized to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Marketing: 020 7499 8644 | August 2025