Penske South Belt Central Houston

JLL Capital Markets, on behalf of Investment & Development Ventures, LLC (the "Seller" or “IDV”), is pleased to offer qualified investors the opportunity to acquire South Belt Central - Building 4 (the "Property"), a newly constructed, Class A, cross-dock industrial building totaling 603,389 square feet. The Property is located within South Belt Central Business Park, a 3.3 million square foot business park with nearly a mile of frontage along Beltway 8, providing access to both the Port of Houston and the city’s robust population base. Delivering in Q1 2023, the building is currently 100% leased to Penske Logistics with 7.0 years of lease term remaining. With 3.50% annual rental escalations, new ownership has the opportunity to secure long-term cash flow via exceptional tenancy in a brand-new, state-of-the-art facility located in South Belt Central Business Park within Houston’s South submarket.