Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
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.

Attributes

Year Built 1998
Building Area

Property Description

Jones Lang LaSalle (JLL), on behalf of the owner, is pleased to present the opportunity to purchase the fee simple interest in 16330 Air Center Blvd. (the property), a 100% leased, 79,579 square feet, Class A, single tenant industrial facility in Houston, Texas. The property is located in the highly desirable North submarket and offers a high quality single tenant headquarters facility with immediate access to the Hardy Toll Road and Sam Houston Tollway.

The property serves as the headquarters for Equipment Depot, a Mitsubishi Corp. subsidiary specializing in the rental, sale, and servicing of forklifts and other aerial construction lifts. Equipment Depot is highly committed to this location with significant capital invested in the property and 8 years of lease term remaining. The building can also be expanded in the future to accommodate growth.

Investment Highlights

·      Single tenant net leased asset

·      8-years of remaining lease term

·     2.4% annual rent escalations

·      Corporate headquarters facility

·      Strategic location near IAH Airport

·      Strong property type fundamentals


Last Updated Date: 25 Sep 2020
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
TX-574897
Rusty Tamlyn
Rusty Tamlyn
Senior Managing Director, Industrial Group Leader
License details
TX-0225187

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Last Updated Date: 25 Sep 2020

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