Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale Cypress Preserve (the “Property”), a best-in-class industrial park comprised of two cross-dock buildings totaling 515,780 SF in the North Houston Industrial Submarket. Developed in 2019, Cypress Preserve is 50% leased with a national logistics provider recently expanding their footprint in the park by leasing the entirety of Building 2 through September 2026 with 2.50% annual rent escalations. The Property is located on Cypress Slough Drive directly in between I-45 and the Hardy Toll Road, just north of FM 1960, providing superior multi-direction regional connectivity. Cypress Preserve represents a rare value-add opportunity to acquire newly constructed, state-of-the-art industrial product that allows investors to focus on creating value via leasing up the 257,890 square feet of vacancy without the need for additional capital improvements.
· Class-A Institutional Product
· Value-Add Opportunity Through Lease-Up of Vacant Space
· Strong National Tenancy
· Strategic Location Providing Regional Connectivity
· Record-Breaking Leasing Activity in Q3 2021
· Houston: Nation Leading Growth