Map pin1405 Cedar Port Park, Baytown, TX, 77523, US

Cedar Port Park

Cedar Port Park_Property for Sale

Attributes

Building area net
19,597 sm
Occupancy
100%
Year built
2021
WAULT
6.1 years

Asset description

JLL Capital Markets is pleased to offer qualified investors the opportunity to acquire Cedar Port Park (the “Property”), a recently constructed, Class-A, industrial park comprised of four front-load buildings totaling 210,937 square feet located in the Southeast Houston Industrial Submarket. Built in 2021, the Property is currently 100% leased to two tenants with 6.1 years of weighted average lease term remaining. The well-positioned industrial park is a just a half-mile from State Highway 99 and eight miles from I-10 offering ease of access to both container terminals and the broader Houston market.


​​​​​​​The Property features best-in-class building characteristics such as 32’ clear heights, large 200’ truck courts, ESFR sprinkler systems and high quality office finishes. Additionally, the Property was built to cater to a demand for smaller buildings within the master-planned Cedar Port Industrial Park. Buildings 1 and 2 feature 20-ton crane capacity and building 1 is already equipped with a 2-ton crane. All buildings also feature heavy power (1,000 amps) further differentiating this product. The largest tenant, Metrix Logistics, occupies three of the four buildings with each being for a different contract/client that require a freestanding building, ensuring a high likelihood of renewal.


Situated within Cedar Port Industrial Park, the largest master-planned, rail-and-barge-served industrial park in the U.S. and the fifth-largest in the world, the Property offers access to public barge and rail terminals just a mile away. The approximately 15,000-acre campus features heavy utilities and exceptional infrastructure and is home to industry-leading users such as Walmart, GE, IKEA, DHL, and The Home Depot.


​​​​​​​Cedar Port Park offers new ownership the opportunity to secure strong in-place cash flow and capitalize on the robust tenant demand in the Southeast submarket.

...

Investment highlights

  • Recently Constructed, Class-A Product
  • Unique Product Catering to Underserved Tenant Segment
  • Strategic Southeast Houston Distribution Location
  • Located Within Premier Master Planned Industrial Park
  • Positioned to Capitalize on Port of Houston Growth
  • Distribution Location Within Reach of 25 Million Residents
Cedar Port Park 4_Property for Sale
Cedar Port Park 4_Property for Sale
Cedar Port Park (0 Properties)

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Last updated
May 16, 2024