Cypress Station

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Cypress Station (“the Property”), a 104,212 square foot light industrial asset consisting of two buildings across a 7.7 acre site. The Property is located adjacent to George Bush Intercontinental Airport and is just under a 15 minute drive away. The infill location with immediate access to Interstate 45, positions the Property to cater towards Houston’s light industrial tenants serving the dense population in the surrounding areas.

The Property is home to a total of twenty tenants with suite sizes ranging from approximately 1,000 square feet to 20,000 square feet and boasting an average suite size of ~3,300 square feet. Both the location and suite sizes within the Property would be highly difficult and costly to replicate today, insulating the Property from any future development pipeline.

Currently 78% leased with 2.2 years of weighted average lease term remaining, potential investors have the unique value-add opportunity to significantly grow NOI through the lease-up of remaining vacancies and a continued office pullback strategy while acquiring an asset substantially below replacement cost.