10030 Bent Oak Dr
Bent Oak Drive 10030, Houston, TX, 77040, US
15,680 m²
JLL capital markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in SUNPAN Baytown (“the Property”), a newly constructed 205,920 square foot cross-dock industrial asset located in Houston’s Southeast submarket. The Property delivered in 2023 and is 100% leased to Sunpan Trading & Importing (SUNPAN) for 4.3 years with 3.25% annual rental escalations. With an excellent Port of Houston location, the Property is well positioned to capitalize on the robust rent growth the Southeast submarket has experienced as a result of the aggressive TEU growth seen at Houston’s two container terminals, Barbour’s Cut and Bayport. The Port of Houston is the 5th largest container terminal in the Unites States and experienced 15% year-to-date growth in total TEU volume in the first quarter of 2024 and a 27.4% increase in TEUs from 2020 (which is the largest growth rate seen across all U.S. Ports).
The location offers tenants easy access to Highway 99 and Interstate 10 enabling connectivity to the broader Houston MSA. The opportunity allows investors to acquire a newly constructed Port of Houston asset and capitalize on a significant long-term cash flow via attractive contractual annual rent escalations.