Park 10 Ninety Nine Cold Storage

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Park 10 Ninety-Nine Cold Storage (“the Property”), a newly renovated, 245,186 cold-storage facility located in Katy, TX at the major intersection of Interstate 10 and Highway 99. The Property is comprised of a modernized cold storage warehouse with critical capacity for food distribution throughout Houston. The Property is 100% leased to a diverse group of refrigerated and frozen food distribution tenants that serve the greater Houston area and features 3.6 years of weighted average lease term remaining with an 18.7%+ mark-to-market opportunity upon expiration. The Property showcases state-of-the-art cold storage infrastructure, including advanced temperature and humidity control systems, specialized storage areas, and cutting-edge technology for inventory monitoring and management.

Park 10 Ninety-Nine features a premier logistics location with immediate access to vital local and regional highways including Interstate 10 and Highway 99. The Property also provides extensive trailer and employee parking as well as very low site coverage for potential future building expansion and densification of the site. The site is approximately 35 acres and has less that 17% coverage.

Park 10 Ninety-Nine is a one-of-a-kind opportunity to purchase a well-located and highly functional cold storage facility in a market that is severely lacking cold storage product. The Property offers investors the ability to acquire an irreplaceable product at a significant discount to replacement cost and benefits from 3.6 Years of weighted average lease term and a meaningful mark-to-market opportunity from a diverse group of tenancy specializing in produce distribution, restaurant supply chain, hospitality food-service, frozen meats and fish distribution, and grocery distribution.