Industrial & Logistics

Cypress Preserve Logistics Center

21803 Cypress Slough Dr Houston, Texas United States 77073-1639
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Net

Property description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale Cypress Preserve (the “Property”), a best-in-class industrial park comprised of two cross-dock buildings totaling 515,780 SF in the North Houston Industrial Submarket. Developed in 2019, Cypress Preserve is 50% leased with a national logistics provider recently expanding their footprint in the park by leasing the entirety of Building 2 through September 2026 with 2.50% annual rent escalations. The Property is located on Cypress Slough Drive directly in between I-45 and the Hardy Toll Road, just north of FM 1960, providing superior multi-direction regional connectivity. Cypress Preserve represents a rare value-add opportunity to acquire newly constructed, state-of-the-art industrial product that allows investors to focus on creating value via leasing up the 257,890 square feet of vacancy without the need for additional capital improvements.

Investment highlights

·    Class-A Institutional Product

·    Value-Add Opportunity Through Lease-Up of Vacant Space

·    Strong National Tenancy

·    Strategic Location Providing Regional Connectivity

·    Record-Breaking Leasing Activity in Q3 2021

·    Houston: Nation Leading Growth

Last Updated Date: 04 Jan 2022

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Last Updated Date: 04 Jan 2022

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