Industrial & Logistics

Atascocita & Lee Road

1003 Atascocita Rd Humble, Texas United States 77396-3630
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 2000
Building Area Gross
Occupancy 89.0 %
Call for Offers 2022-03-23

Property description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer the Atascocita & Lee Portfolio for sale (“the Property”). The Property consists of five light-industrial buildings located in North Houston proximate to George Bush Intercontinental Airport (“the Property”). Three buildings are located at 1003 Atascocita Road with the remaining two buildings located approximately 3 miles west at 16410 - 16450 Lee Road. Both addresses are easily accessible via three of Houston’s most trafficked thoroughfares: Beltway 8, Interstate 69, and Interstate 45. George Bush Intercontinental Airport is located 1 mile away from the Lee Road address and less than a 10 minute drive from the buildings on Atascocita Road. Currently 89% occupied, the Property has an sticky tenancy base with an impressive 7.4 years of weighted average tenure. With an excellent location and gross rents substantially below market, new ownership has the unique, value-add opportunity to create upside via renewing tenants at NNN market rates and leasing the remaining vacancy.

Investment highlights

·    Significant Value-Add Upside

·    Sticky Tenancy with 7.41 Years of Weighted Average Tenure

·    Excellent Market Fundamentals For Class B & Class C Industrial

·    Priced Well Below Replacement Cost

·    Robust Population Growth & Demographics

·    Easy Ingress/Egress With Proximity To Major Thoroughfares

Last Updated Date: 08 Feb 2022

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Last Updated Date: 08 Feb 2022

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