The Mill at 249

JLL capital markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in The Mill at 249 ("the Property"). The Property is a newly constructed 166,249 square foot front-load industrial asset located in Houston's premier Northwest submarket. The Property delivered in Q4 2023 and is 100% leased to Umail Service (Gaurantor: AI Delivery) and Pure Safety Group DBA "Guardian Fall Protection" with 3.1 years of weighted average lease term remaining and 3.75% - 4.00% annual rental escalations. As Houston has seen 5%+ annual rent growth since these leases being done, in-place rents are roughly 10%+ below market. With an excellent location right off Highway 249 and Beltway 8, the Property is well positioned nearby many institutional owners and quality tenants with direct access to the city's major industrial thouroghfares.

The location offers tenants easy access to Highway 249 and Beltway 8 enabling connectivity to the broader Houston MSA and great access to the Texas Triangle. The opportunity allows investors to acquire a newly constructed, institutional Northwest Houston asset and capitalize on a stable cash flow with extremely attractive 3.75-4.00% annual rental escalations.