Descrição

JLL Capital Markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in 4015 Flowserve Way (“the Property”). The Property is a 110,102 square foot industrial and manufacturing building 100% leased to Flowserve, US, Inc. Pumps divisions through April 2029. The Property was developed in 2015 as a build-to-suit for Flowserve and they operate their pump manufacturing and services sector out of this location. The tenant at the Property is Flowserve, US, Inc. and the lease is guaranteed by Flowserve Corporation (NYSE: FLS), a global leader in providing aftermarket services for comprehensive flow control systems. Flowserve has occupied the building since delivery and has annual rent increases of 1.75%.

The location offers easy access to Beltway 8 and Highway 255 enabling connectivity to the Houston Ship Channel, both container terminals, and the greater Houston MSA. The Property offers investors the opportunity to acquire a mission critical location of an investment grade tenant with 2.5 years of lease term remaining and a 29.3%+ mark-to-market opportunity upon expiration.

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