The Woodlands Two-Pack

605 Spring Hill Drive, Spring, TX, 77386, US

描述

JLL Capital Markets, on behalf of the seller, is pleased to offer qualified investors the opportunity to acquire a fee simple interest in The Woodlands Two-Pack (the "Two-Pack" or "Portfolio") located in Spring, TX, part of the Greater Houston MSA. The Portfolio features two class A, light industrial buildings totaling 52,676 square feet just outside of The Woodlands, the #1 master-planned community in the U.S. The irreplaceable location with immediate access to I-45 and minutes away from Grand Parkway position the Two-Pack to cater towards Houston's light industrial tenants serving the dense population in the surrounding areas.

The Woodlands Two-Pack is made up of three tenants—Taylor Healthcare Products, Reliable Parts, and Alloy Wheel Repair Specialists—ranging from 7,000 to 34,000 square feet. The three tenants are highly ingrained in their spaces with an average tenure over 8 years, solidifying their commitment to the Spring Hill micro-market and the demand for industrial space in the area.

The Two-Pack is currently 100% leased with 2.5 years of weighted average lease term remaining. Potential investors have the unique opportunity to increase revenue via a 14.12% average mark-to-market opportunity upon lease expiration, with one tenant expiring in Year 1 that offers immediate NOI growth.

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属性

建筑净面积

4,894 平方米

建成年份

2014

占用率

100%

沃尔特

2.5 年

媒体

投资亮点

Rare industrial Opportunity In the Woodlands
Located within The Institutionally Owned Pines Business Park
100% Leased to 3 Committed Tenants
Functional Shallow Bay Industrial Product Priced Significantly Below Replacement Cost
Value-Add Opportunity Via Marking Rents To Market
Small to Mid-Size Industrial Outperforms In the North Submarket