Grand Central West

JLL capital markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee-simple interest in Grand Central West (“the Property”). It is newly constructed 838,446 square foot cross-dock industrial asset located in Houston’s Northwest submarket. The build-to-suit delivered in Q3 2024 and is 100% leased to Builders FirstSource (NYSE: BLDR) (the “Tenant”) for 10.3 years with 3.00% annual rental escalations. The Tenant is on a long-term triple net lease with four (4), seven (7) year Fair Market Value renewal options. The state-of-the-art distribution facility is located in the top-tier business park, Grand Central West.

Proximate to some of the fastest growing communities in the country, the Property boasts immediate access to a deep workforce, the best school district in the Houston MSA, and the center of Houston’s geographical population growth. The Property’s strategic Northwest Houston location, with immediate access to Grand Parkway and I-10, is the ideal location for Builders FirstSource to serve the needs of the westward expanding residential developments.

Grand Central West presents an opportunity for investors to acquire a newly constructed industrial facility in one of the most fundamentally strong markets in the country. The investment offers long-term, stable cash flow anchored by a creditworthy tenant with 10.3 years of WALT.