Documents
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Key facts
Year Built | 2000 |
Building Area Gross |
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Property description
Jones Lang LaSalle (“JLL”) on behalf of the ownership, is pleased to present the exclusive opportunity to acquire Gateway 35 Commerce Center (the “Property”), a 294,297 SF, state-of-the-art, cross-dock building located in the booming Austin MSA suburb of Georgetown, TX. Estimated to deliver in June 2022, the Property is 100% pre-leased to CelLink (the “Tenant”) on a 7.5-year lease term with 3.00% contractual annual rental rate increases. Gateway 35 Commerce Center is a mission-critical facility for the Tenant and will be their first manufacturing and distribution facility in Texas with an Austin address that allows them close proximity to the growing EV, Solar, and semiconductor industries in Central Texas that they serve. The Property is located at one of the best logistics locations in North Austin at the intersection of Interstate 35 and US Highway 130, two of the most vital north/south thoroughfares for the Central Texas Region that connect the Property to nearly 20 million residents within a 3-hour drive.
Investment highlights
- LONG-TERM, SINGLE-TENANT NNN LEASE
- MISSION CRITICAL FACILITY
- BRAND-NEW, INSTITUTIONAL QUALITY CONSTRUCTION
- NORTH AUSTIN'S PREEMINENT LOGISTICS NODE
- UNMATCHED NORTH AUSTIN LOCATION