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|Call for Offers||2022-06-01|
Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale 801 Seaco (“the Property”), a 135,231 square foot rear-load warehouse 100% leased to Valassis Direct Mail (“the Tenant”) in the Southeast Houston industrial submarket. Developed in 2006 as a build-to-suit for Valassis, the tenant has since renewed their lease twice and currently has 4.7 years of term remaining with 2.5% annual bumps.
801 Seaco offers investors the unique opportunity to acquire a quality industrial asset 100% leased to a dedicated, credit tenant with an irreplaceable Port of Houston location.
· Premier Port Of Houston Location
· Secure Cash Flow With Back-End Upside Potential
· 100% Leased To Valassis Direct Mail
· Record Breaking Leasing Velocity And Fundamentals
· Houston: Nation-Leading Growth