
Fairbanks Northwest Distribution Center
7810 Fairbanks North Houston Road, Houston, TX, 77040, US
33 219 mètres carrés
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to market for sale the fee simple interest in the Westrock Supply Chain Center (the “Property” or the “Offering”), a 322,941 square-foot, CSX rail-served cross-dock facility in Cincinnati’s supply-constrained Tri-County submarket. The Offering is 100% leased to Smurfit WestRock (the “Tenant”), a global leader in sustainable paper and packaging solutions who utilizes 9 active rail doors to inbound heavy paper and packaging material rolls which are stored, corrugated, and distributed to various Westrock plants and other Cincinnati-area clients nearby.
Positioned less than a 10-min drive from I-275 and I-75, this site presents its users immediate highway connectivity to Cincinnati’s logistics-oriented transportation infrastructure including Amazon and DHL air hubs at the Cincinnati / North Kentucky International Airport. Driven by a local workforce over 600,000 within just 10-miles, Tri-County has become Cincinnati’s largest industrial submarket claiming notable institutional owners and blue-chip occupiers such as Amazon, GE, Kao Brands, Honeywell, to name a few. WestRock Supply Chain Center presents investors the opportunity to acquire stable in-place cash-flow with accretive 3.50% annual escalations backed by investment-grade credit tenancy (Fitch: BBB+) with strong location and operational ties and 4.5 years of lease term remaining (in addition to a 5-year renewal option at fair market value).