Academy Distribution Center Katy
US - Katy, TX
139 410 m²
Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale the Houston Produce Center (“the Property”), a state-of-the-art, 392,472 SF cold-storage facility located in infill southeast Houston. The Property is comprised of 7 buildings containing cold storage warehouse, traditional shallow bay industrial, and administrative space with critical capacity for food processing and distribution throughout Houston. In addition to the improvements, the Property includes 25.12 acres of excess land available for purchase. The Houston Produce
Center is currently 100% leased to a diverse group of food packaging and distribution tenants that serve the greater Houston area through a variety of products and services that are critical to local grocers such as H-E-B.
Houston Produce Center features a premier logistics location with immediate access to vital local and regional highways including Interstate 45, Texas Loop 610, and Texas State Highway 288.
The Houston Produce Center is a one-of-a-kind opportunity to purchase a well-located and highly functional Class-B cold storage facility in a market that is severely lacking cold storage product. The Property offers investors an exceptional mark-to-market opportunity through right-sizing below market rents as well as the ability to tighten operational capabilities in order to create significant value-add returns as the current ownership has owned the asset since its original development.
· Opportunity To Gain Scale In Cold Storage Market
· Stable In-Place Cash Flow With Exceptional Value Add Upside
· Irreplaceable Product Amid Rising Construction Prices
· Infill Location With Significant Tenant Investment
· Future Development Use
· Houston: Nation Leading Growth