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JLL Capital Markets, on behalf of the seller, is pleased to offer qualified investors the opportunity to acquire the Houston Single Tenant Industrial Portfolio (the “Property” or “Portfolio”), a best- in-class, 216,772 square foot portfolio consisting of thirteen light industrial properties located in Houston’s northwest, north, and northeast submarkets. Built between 1993-2018 and currently 100% leased, the Portfolio offers investors the opportunity to acquire a multi-building, stabilized, cash-flowing portfolio with rents currently 8.5% below market. All buildings are located within the Grand Parkway among high-growth submarkets that have true barriers to entry and, with an average tenant size of approximately 16,675 square feet, see minimal competition from new supply as construction costs and land prices continue to rise. As a result, rents continue to grow at a significantly higher pace than the overall market.
· Rare Large-Scale Opportunity
· Strategic Locations with Geographic Diversity
· Versatile Light Industrial Product Catering to Various Tenant Sizes
· Diverse Tenancy
· Favorable Market Demographics