Elizabeth Creek Gateway_Property for Sale
Elizabeth Creek Gateway_Property for Sale
Northlake, TX, US, Americas

Elizabeth Creek Gateway

Portfolio description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to acquire Elizabeth Creek Gateway (the "Property"), a newly constructed, Class-A, industrial park comprised of two cross-dock facilities totaling 1,106,064 square feet located in AllianceTexas, one of the country’s top multi-modal logistics hubs. Built in 2021, the Property is 100% leased to three committed tenants with 5.4 years of weighted average lease term remaining and a 28% mark to market opportunity. The Property is strategically positioned with direct access to State Highway 114 and is within a 10-minute drive of I-35W and State Highways 287, 170, and 37, granting best-in-market access to all major Texas throughfares. Just 3-miles north of Perot Field Fort Worth Alliance Airport, 20-miles west of Dallas Fort Worth International Airport, and 20-miles north of Fort Worth Meacham International Airport, Elizabeth Creek Gateway is ideally located for regional and national distribution capabilities. The Property offers investors the opportunity to acquire two stabilized class A assets yielding strong in-place cash flow with upside through a 28% mark to market opportunity.

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Attributes

Building area gross
102,757 m²
Occupancy
100%
WAULT
5.4 years
Year built
2021
Building class
A
Elizabeth Creek Gateway (2 Properties)
Elizabeth Creek Gateway (2 Properties)

Media

Investment Highlights

  • 100% LEASED WITH 5.4 YEARS OF WALT
  • 28% BELOW MARKET RENTS
  • 3.07% AVERAGE IN-PLACE ANNUAL RENTAL RATE INCREASES
  • NATION-LEADING LOGISTICS HUB IN ALLIANCETEXAS
  • ABILITY TO AQUIRE SCALE WITHIN DALLAS-FORTH WORTH
  • HIGHLY ATTRACTIVE BASIS
  • INSITUTIONALLY MAINTAINED ASSETS WITHIN AN INSTITUTIONAL INDUSTRIAL CORRIDOR
Elizabeth Creek Gateway 4_Property for Sale
Elizabeth Creek Gateway 4_Property for Sale

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Last updated
21 Oct 2024