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- LoopNet Team
Boca Chica
Brownsville, TX 78521
SpaceX (Leased Land-80 Total Acers) · Land For Sale · 79.93 AC
Investment Highlights
- New 10-year lease with renewal options
- Unique opportunity to acquire nearly 80 acres of land leased to of the country’s most influential companies ($12,048/Acre)
- Location was selected by SpaceX over dozens of others due to its proximity to the ocean and support from the local government
- Location is essential to the tenants’ operations
- Texas is an income tax free state
- The base is exclusively used for the Starship, an innovative reusable space craft that has the potential to help colonize Mars, and change space trave
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 79.93 AC |
| Property Subtype | Commercial | Cross Streets | Remedies Avenue |
| Proposed Use | Industrial |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Industrial |
| Total Lot Size | 79.93 AC |
| Cross Streets | Remedies Avenue |
Description
Approximately 0.82 acres of the land is located within the main compound, the Starbase and additional 79 acres is on the western coast across a bay with potential for future use and development by SpaceX. The location is adjacent to both SpaceX’s launch facility and tracking station. The tenant is estimated to produce $85 million in tax revenue for the city of Brownsville and generates roughly $51 million in annual salaries for the roughly 500 jobs to be created by 2024. Brownsville has a storied history with roots in the early industrial boom of the United States. It is home to one of the fastest manufacturing sectors in the United States. Brownsville is also recognized as having one of the best pro-business climates in the United States.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £146,209 | Total Assessment | £146,209 |
PROPERTY TAXES
