1401 East Pleasant Run Road, Lancaster, TX, 75146, US

Core45

Description

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to acquire Core45 – Building 1 (the "Property"), a 616,068 SF, newly constructed, Class-A, industrial facility located in South Dallas. The Property is strategically positioned within one mile of the Union Pacific Intermodal with direct access to I-45 and connectivity to I-20, allowing for convenient access to all major Texas thoroughfares. The property is currently 48% leased to an investment grade tenant, providing investors with an immediate value-add opportunity through lease-up in a highly sought-after South Dallas market.

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Attributes

Building area net

57,235 m²

Clear height

12.19 m

Occupancy

48%

Year built

2023

WAULT

1.8 years

Media

Investment Highlights

Best-In-Class, AA Asset at a Discount to Replacement Cost
Investment-Grade Tenancy With Owens Corning (BBB+ Credit)
Immediate Value-Add Opportunity to Lease-Up of ~323K SF of Vacancy with Completed Spec Office
High Performing South Dallas Location Surrounded by Strong Institutional Ownership
Proximity to I-45 & I-20 Allowing Immediate Access to Local & National Reach