Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale Ella West Crossing (“the Property”), a 221,393 square foot Class A warehouse located in Houston’s premier Pinto Business Park. Developed in 2020 by USAA Real Estate and Seefried Industrial Properties (“the Sponsor”), the Property is 100% leased to three tenants with 5.3 years or weighted average lease term. With excellent ingress/egress on and off Ella Boulevard and West Road, tenants have direct access to two of Houston’s most trafficked thoroughfares: Interstate 45 (1.1 Mile) and Beltway 8 (1.6 Mile). The 971-acre Pinto Business Park is nearing full build-out and continues to outperform the broader Houston market with 98.7% occupancy. With rents well below market, new ownership is able to capitalize on Houston’s robust rent growth and fundamentals while acquiring a state-of-the-art, newly constructed, institutional asset with an irreplaceable location and attractive basis.
· Newly-Constructed, Class A Institutional Product With No Capital Requirements
· Secure Cash-Flow With Significant Upside Via Marking Rents To Market
· Strategic Location Providing Regional Connectivity
· Proximity To Institutional Ownership
· Distribution Location Within Reach of 25 Million Residents
· Record Breaking Leasing Velocity And Fundamentals
· Houston: Nation-Leading Growth