Map pin24801 Interstate 35, Kyle, TX, 78640, US

Kyle 35 Logistics Park

Kyle 35 Logistics Park_Property for Sale

Attributes

Building area net
1,392,379 sf
Occupancy
100%
Year built
2023
WAULT
6.1 years

Asset Description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to acquire Kyle 35 Logistics Park (the "Property"), a newly constructed, Class-A, industrial park comprised of two rear-load buildings and three cross-dock buildings totaling 1,392,379 square feet located in South Austin. Built in 2023 as a spec development, the Property is 100% leased to Tesla, Inc. (NASDAQ: TSLA) with 6.1 years of weighted average lease term remaining via staggered expirations. The Property is strategically positioned on I-35, one of the most vital north / south thoroughfares that connects Mexico to San Antonio, Austin, DFW, and beyond to the North Central region of the US. Kyle 35 Logistics Park offers investors the opportunity to secure strong in-place cash flow via investment grade tenancy, and capitalize on the robust rent growth occurring in the Austin industrial market.

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Investment Highlights

  • Investment Grade Tenant with Favorable Rental Escalations
  • Newly-Constructed, Class-A, Institutional Quality Product Located in a Best-in-Class Business Park
  • Significant Capital Investment from a Committed Single Tenant
  • Surrounded by Institutionally Owned Assets and Credit Tenancy
  • Premier I-35 Industrial Corridor Providing Unparalled Connectivity
  • Explosive Population Growth with Immediate Access to 25 Million Residents
Kyle 35 Logistics Park 4_Property for Sale
Kyle 35 Logistics Park 4_Property for Sale
Kyle 35 Logistics Park (0 Properties)

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Last updated
27 Jun 2024