Fairbanks Northwest Distribution Center

JLL capital markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Fairbanks Northwest Distribution Center (“the Property”). The Property consists of two newly constructed, Class-A industrial assets totaling 357,570 square feet located in the highly coveted and institutionally preferred Northwest Houston submarket. Building 1 spans 194,780 square feet, while Building 2 encompasses 162,790 square feet, with both facilities boasting efficient cross-dock configurations. The Property delivered in 2023 and is currently 79% leased to K W AUTOMOTIVE INC., a Texas corporation d/b/a Pro Parts Center and KidsTale Playgrounds. With 4.9 years of weighted average lease term remaining, the opportunity provides a steady income stream for potential investors via impressive 3.50% - 3.75% annual rental escalations.

Proximate to some of the fastest growing communities in the country, the Property offers unparalleled access to a vast workforce and sits at the heart of Houston’s geographical population. The Property’s infill Northwest location, with easy access to Beltway 8 and Highway 290, is the “Main-and-Main” destination for Houston’s industrial tenants serving the dense population in Northwest Houston.

Fairbanks Northwest Distribution Center offers investors a stable cash flow for 5.1 years paired with the unique value-add opportunity via lease-up of the remaining vacancy while capitalizing on the robust rent growth occurring in the Houston industrial market.