Industrial & Logistics

Point North Sort Center

8120 Humble Westfield Road Humble, Texas United States 77338
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

Year Built 2013
Building Area Net
Occupancy 100.0 %
Call for Offers 2022-04-05

Property description

Jones Lang LaSalle (“JLL”), as the exclusive advisor to the Owner, is pleased to present the opportunity to purchase the fee simple interest in Point North Sort Center (the “Property”), a 240,000 square foot, sortation center in Houston, TX with 4.9 years of lease term remaining. Developed in 2013 by Duke Realty, the state-of-the-art warehouse is currently 100% leased to a leading e-commerce tenant and offers 2.5% annual rent increases throughout the remainder of the term. The tenant also put significant capital investment into the building, totaling over $1.5 million worth of tenant-funded improvements. Located directly East of George Bush Intercontinental Airport, the Property is a mission critical location for the tenant, providing the most convenient access to Northeast Houston.

Investment highlights

·    Secure Cash Flow With Back-End Upside Potential

·    State-Of-The-Art Facility

·    Investment Grade Tenant

·    Mission Critical Location For A Sort Center

·    Premier Business Park Location With Exceptional Access

·    Growth Of E-Commerce

·    Houston: Nation-Leading Growth

Last Updated Date: 24 Mar 2022

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Last Updated Date: 24 Mar 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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