|Call for Offers||2022-03-03|
Jones Lang LaSalle (“JLL”), on behalf of Urban Logistics Realty, is pleased to offer for sale 8300 Telephone Road (the “Property”), a front-load, Class B, infill industrial warehouse totaling 105,519 square feet strategically located directly adjacent to Hobby Airport (HOU) in southeast Houston. The Property is 70.1% leased to two tenants with a weighted average lease term of 1.3 years. 8300 Telephone Road provides investors the opportunity to acquire a one-of-a-kind, well-located industrial asset with a significant value add opportunity in a high barrier to entry market at a discount to replacement cost.
· Versatile Industrial Product
· Value Add Opportunity With Mark-To-Market Strategy
· Irreplaceable Industrial Product Amidst Rising Construction Prices
· Strategic Houston Location With Proximity To Hobby Airport and BNSF Intermodal
· Houston: Nation-Leading Growth