
World Houston International Business Center 15, 31A & 31B
3955 World Houston Pkwy, Houston, TX, 77032, US
9.328 m²
JLL Capital Markets on behalf of Ownership (the “Seller”), is pleased to offer qualified investors the opportunity to acquire Clay Campbell Business Park (the “Property”). Clay Campbell Business Park is an extremely infill 228,900 square foot front-load industrial asset located in Northwest Houston proximate to Beltway 8 and Highway 290. The Property is 100% occupied to three tenants with 3.9 years of weighted average lease term remaining.
The Property’s infill location with convenient access to Beltway 8 and Highway 290 is a highly desirable destination for Houston’s industrial tenants. This is exemplified by the Property’s 100% ten year historical occupancy average and the surrounding quality of tenancy and ownership (which includes Amazon, Office Depot, H-E-B, Prologis, Blackstone, & Clarion). The Property’s largest tenant is dedicated to the immediate area with a 134K square foot headquarters just across the street.
With a 17%+ average mark-to-market opportunity upon tenant expiration, new ownership has the opportunity to acquire an infill business park and capitalize on the robust rent growth occurring in the Houston industrial market.