Industrial & Logistics

Southwest Commerce Center

611 S Cravens Rd Missouri City, Texas United States 77489
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 2019
Building Area Net
Occupancy 81.0 %

Property description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale Southwest Commerce Center (the “Property”), a 477,355 square foot Class-A cross-dock building in the Southwest Houston industrial submarket. Built in 2019, Southwest Commerce Center is currently 81.0% leased with 90,636 square feet of remaining vacancy located at the front of the building with a 3,436 square foot spec office suite in place. Located on S Cravens Road adjacent to Park 8Ninety, the Property provides easy access to both Highway 90 and Beltway 8 via S Cravens Road and Buffalo Lakes Drive. In a single quarter, the 2.8 million square feet of positive net absorption seen in the Southwest submarket Q3 of 2021 beat the full year record set in 2020 of 2.7 million square feet. This trend continued into Q4 2021 with an additional 396,448 square feet of positive net absorption for a total of 4.4 million square feet of positive net absorption in 2021. With rents expiring 18% - 19% below market upon expiration, investors have the opportunity to create value by marking rents to market upon tenant rollover. Southwest Commerce Center offers new ownership the rare value-add opportunity to lease up the remaining vacancy without the need for additional capital improvements at an extremely attractive basis below replacement cost.

Investment highlights

·    Newly Constructed Class-A Institutional Product

·    Attractive Basis Below Replacement Cost

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

·    Strategic Location Providing Regional Connectivity

·    Houston Leasing Velocity

·    Institutionally Preferred Submarket Experiencing Record Setting Absorption

·    Houston: Nation Leading Growth

Last Updated Date: 13 Jan 2022

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Last Updated Date: 13 Jan 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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