Academy Distribution Center Katy
US - Katy, TX
139 410 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in 2500 York Road (the “Property” or “Asset”), a newly renovated industrial facility located in the Chicago MSA and 100% leased to the U.S. Government (S&P: AA+) for 15 years (10 years firm). The Asset is strategically located adjacent to O’Hare International Airport (“ORD”) within one of the highest performing industrial submarkets nationwide.
Housing the U.S. Customs and Border Protection Agency (“CBP”), a division of the Department of Homeland Security, the Property represents a consolidation of three proximate satellite offices into one highly cohesive location that is essential to the Agency’s local business operations.
This mission-critical asset provides investors with a rare opportunity to acquire a very infill industrial property with guaranteed and growing long-term cash flow backed by the U.S. Government. The Agency’s substantial investment into the property, combined with the immediate access to O’Hare International Airport and Downtown Chicago, accentuates the Tenant’s strong desire to occupy this asset long-term.
EXCEPTIONAL TENANCY FROM THE U.S. GOVERNMENT (S&P: AA+)
RECENTLY RENOVATED FACILITY WITH SIGNIFICANT TENANT INVESTMENT
MISSION-CRITICAL ASSET ADJACENT TO CHICAGO’S O’HARE INTERNATIONAL AIRPORT
INFILL O’HARE SUBMARKET WITH BOOMING INDUSTRIAL FUNDAMENTALS
SIGNIFICANT FUTURE UPSIDE TO UNLOCK CASH FLOW