Westpark Business Center

JLL Capital Markets on behalf of Ownership (the “Seller”), is pleased to offer qualified investors the opportunity to acquire Westpark Business Center (the “Property”). Westpark Business Center is a 207,571 square foot, three building, infill industrial business park in Houston, Texas. The Property is located at the southwest intersection of Dunvale Rd and Westpark Drive with frontage along Westpark Tollway, providing unmatched city wide connectivity via Beltway 8 and Loop 610.

The Property is 98% occupied to 13 tenants with 2.5 years of weighted average lease term remaining and boasts an impressive 11.6 year weighted average tenure. The Property offers potential investors strong in-place cash flow via sticky tenants with the value-add potential to mark rents 14%+ in a short period of time. The property offers an attractive diverse rent roll, getting through nearly 50% of the in place tenants within two years.

As developers continue to focus on “big box” development, unique shallow-bay product in land constrained locations similar to Westpark Business Center represent irreplaceable real estate insulated from new supply and impossible to replicate today. Westpark Business Center presents desirable variability in both hold period and investment strategy optionality by offering an attractive WALT, as well as a diverse small bay site plan featuring front-load and rear-load capabilities.

With a 14%+ average mark-to-market opportunity upon tenant expiration, new ownership has the opportunity to acquire an infill business park and capitalize on the robust rent growth occurring in the Houston industrial market.