Description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee-simple interest in IDV-SEALY Anserra (“the Property”). The Property is a newly constructed 509,975 square foot cross-dock Class A industrial asset located in Houston’s West submarket. The Property delivered in Q3 2023 and is 100% leased to Lecangs LLC (the “Tenant”) for 8.3 years with 3.50% annual rental escalations and a 12%+ mark-to-market opportunity on today’s un-trended rent. Lecangs LLC is a U.S.-based logistics and supply chain solutions provider incorporated in 2020. The company operates 24 subsidiaries primarily focused on overseas logistics, freight forwarding, warehousing services. Additionally, per the lease, Lecangs LLC has provided the Landlord a strong, ongoing letter of credit which further enhances the Tenant credit profile.

Proximate to some of the fastest growing communities in the country, the Property boasts immediate access to a deep workforce, the best school district in the Houston MSA, and the center of Houston’s geographical population. The Property’s strategic West Houston location, with immediate access to I-10 and Grand Parkway is the premier location for Lecangs LLC’s supply chain needs and provides unmatched access to all of Houston and the Texas Triangle.

IDV-SEALY Anserra presents an opportunity for investors to acquire a newly constructed industrial facility in one of the most fundamentally strong markets in the country. The investment offers cash flow backed by a strong performing anchor tenant with meaningful imbedded upside via mark-to-market opportunity.

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