Description de l'actif
JLL Capital Markets, on behalf of the owner, is pleased to present for sale a 100% fee simple interest in Lockton Place ("the Property"), a 92% leased 187,317 SF Class A office property that was built in 2017, and is anchored by Lockton Companies, the world's largest privately held insurance brokerage firm. Lockton Place offers investors stable in-place cash flow supported by 9.7 years of weighted average lease term remaining. The Property features best-in-class design and amenities, including a full service coffee bar and upscale cafe, a modern fitness center with showers and lockers, an exclusive tenant lounge with multiple private meetings areas, and nearby dining and entertainment options. Lockton Place’s favorable WALT, contractual revenues, and diverse tenancy offers new ownership durable in-place cash flow resulting in double digit cash-on-cash yields.
Caractéristiques de l'actif
Média
Points clés d'investissement
- DIFFERENTIATED PRODUCT WITH SUPERIOR AMENITY BASE
- DURABLE CASH FLOW OFFERING ATTRACTIVE CONTRACTUAL YIELD
- UNIQUE OPPORTUNITY AMONG THE COUNTRY’S HOTTEST LEASING MARKET
- POSITIONED TO CAPITALIZE ON HOUSTON’S FLIGHT TO QUALITY
- INSTITUTIONALLY DEVELOPED, OWNED, AND MAINTAINED TO THE HIGHEST QUALITY
- INDUSTRY LEADING ANCHOR TENANT WITH SIGNIFICANT TERM
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