Horizon Worldwide @ Stebbins Dr

1741-1751 Stebbins Dr, Houston, TX, 77043-2806, US

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire Horizon Worldwide @ Stebbins Dr (the “Property”). The property is comprised of two Class-B buildings located in the premier Northwest industrial submarket of Houston, TX. Totaling 138,325 square feet of highly functional shallow-bay space, both buildings feature 24’ clear heights and dock-high loading which allows for multi-tenant flexibility in the future. The irreplaceable infill location with immediate access to Beltway 8 and Interstate 10 is surrounded by Houston’s very established Spring Branch and Memorial neighborhoods. The Property is 100% leased to Horizon Fulfillment LLC (Owned by JAL Equity; a $450MM+ Portfolio revenue company) with 17.9 years of remaining lease term and 3.0% annual escalations.

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Attributes

Building area net

12,851 sm

Year built

2018

Occupancy

100%

WALT

17.9 years

Land area net

2.65 ha

Media

Investment highlights

Irreplaceable, Infill Location Surrounded By Institutional Ownership
Land Constrained Infill Location With Immediate Access To Employment And Population Centers
Covered Land Play Within The Established Spring Branch Neighborhood
Robust Leasing Velocity And Healthy Fundamentals
Distribution Location Within Reach of 25 Million Residents (Texas Triangle)