
Fairbanks Northwest Distribution Center
7810 Fairbanks North Houston Road, Houston, TX, 77040, US
33,219 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire The Ashford & Corporate Southwest Houston Portfolio (the “Portfolio”). The Portfolio is comprised of two single-tenant buildings totaling 343,936 square feet of manufacturing and warehouse space that’s currently 100% leased to Texas Logistic & Fulfillment Services and Forum Energy Technologies. Situated within the infill Stafford industrial micro-market, the Portfolio enjoys the extremely favorable “Triple Freeport Tax Exemptions” specific to that municipality. 100% leased to two single-tenants with a 7.6 year WALT and a 41%+ mark-to-market opportunity, new ownership has the opportunity to acquire highly functional assets that are priced significantly below replacement cost with upside via the below market rents. Texas Logistics & Fulfillment Stafford TX LLC is a 3PL and Forum Energy Technologies is a global oilfield products company. Ownership will consider offers for the assets together or separately.