Documents
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Key facts
Year Built | 2020 |
Building Area Net |
|
Occupancy | 100.0 % |
Property description
Jones Lang LaSalle (“JLL”), as the exclusive advisor to the Owner, is pleased to present the opportunity to purchase the fee simple interest in Cedar Port Logistics (the “Property”), a 643,940 square foot distribution center in Baytown, TX. The Property is currently 100% leased to The WebstaurantStore, Inc. through December 2031 with 2.25% annual rent increases and rent 17.3% below market upon tenant rollover, and located within Cedar Port Industrial Park, the largest master-planned retail-and-barge-served industrial park in the United States.
Investment highlights
· Newly Constructed, State-of-the-Art Facility
· Strong National Tenancy
· Located within TGS Cedar Port Industrial Park
· Record Breaking Leasing Activity In Q2 2021
· Strategic Southeast Houston Location Near Port of Houston
· Houston: Nation-Leading Growth