Portfolio

Houston Prime Business Park Portfolio

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Key facts

Building Area Net
Land Area Net ()
Occupancy 76.0 %
Call for Offers 2022-05-04

Portfolio description

JLL Capital Markets, on behalf of the seller, is pleased to offer qualified investors the opportunity to acquire the Houston Prime Business Park Portfolio (the “Portfolio”), a 711,369 square foot portfolio consisting of 23 light industrial buildings spread between seven business parks located in Houston’s North, Northwest, Southwest, and South submarkets. The Portfolio is currently 76.0% leased, offering investors the opportunity to acquire a cash-flowing portfolio with significant upside as the remaining 24.0% of NRA is leased and the majority of the existing rent roll is marked to market upon expiration over the next 5 years. All buildings are located within high growth submarkets that have true barriers to entry and, with an average tenant size of approximately 4,430 square feet, see minimal competition from new supply. As a result, rents continue to grow at a significantly higher pace than the overall market. The Houston Prime Business Park Portfolio provides investors with the opportunity to acquire significant scale in the Houston industrial market with immediate NOI upside.

Investment highlights

·   Rare Large-Scale Opportunity

·   Versatile Industrial Product Catering To Different Tenant Sizes

·   Vintage Shallow Bay Product Outperforming Class A Industrial

·   Diversified Tenancy

·   Geographic Diversity

·   Houston: Nation-Leading Growth

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Houston Prime Business Park Portfolio (7 Properties)
Westbelt Plaza
Houston, TX, United States
Brooklet Business Center
Houston, TX, United States
CP West
Katy, TX, United States
CP Woodlands
Spring, TX, United States
Main Park
Houston, TX, United States
Stonecrest Business Park
Houston, TX, United States
Plaza Park
Houston, TX, United States
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Last Updated Date: 05 Apr 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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