Flowserve

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in 4001 Flowserve Way ("the Property"). The Property is a 95,415 square foot industrial and manufacturing building 100% leased to Flowserve, US, Inc. Seals and Valves divisions through June 2029. The Property was developed in 2015 by Investment & Development Ventures, LLC ("IDV") as a build-to-suit for Flowserve's Seals and Valves divisions and the lease is guaranteed by Flowserve Corporation (NYSE: FLS), a global leader in providing aftermarket services for comprehensive flow control systems. Flowserve is a Baa3 and BBB- rated company by Moody's and the S&P respectively, and has annual rent increases of 1.75%.

With an excellent Port of Houston location, the Property is well positioned to capitalize on the robust rent growth the Southeast submarket has experienced as a result of the aggressive TEU growth seen at Houston's two container terminals, Barbour's Cut and Bayport. The Port of Houston is the 5th largest container terminal in the Unites States and experienced 8% year-over-year growth in total TEU volume, surpassing a new record of 4.1 million TEUs, in the fourth quarter of 2024 and a 27.4% increase in TEUs from 2020 (which is the largest growth rate seen across all U.S. Ports).

The location offers easy access to Beltway 8 and Highway 255 enabling connectivity to the Houston Ship Channel, both container terminals, and the greater Houston MSA. The Property offers investors the opportunity to acquire a mission critical location of an investment grade tenant with 4.0 years of lease term remaining.