Monument Business Park Phase II_Property for Sale
Monument Business Park Phase II_Property for Sale
1155 Independence Pkwy S, Deer Park, TX, 77536, US

Monument Business Park Phase II

Asset Description

JLL Capital Markets, on behalf of Molto Properties (the “Seller”), is pleased to offer qualified investors the opportunity to acquire Monument Business Park - Phase II (the “Property”), a newly constructed, Class A, front-load industrial building totaling 173,332 square feet located proximate to Independence Parkway and Highway 225 in Deer Park, TX. The building was completed in 2022 and is currently 100% leased to Flat World Holdings and NexMatrix Corporation with 4.6 years of weighted average lease term remaining. The Property is strategically located in Houston’s southeast submarket near Barbour’s Cut container terminal and the Bayport container terminal. With a 22%+ average mark-to-market upon tenant expiration, new ownership has the opportunity to acquire a brand new, state-of-the-art facility located in one of Houston’s most institutionally-preferred submarkets.

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Attributes

Building area Net
16,103 m²
Occupancy
100.00%
Year built
2022

Media

Investment Highlights

·    Premier Port of Houston Location

·    Proximity to Institutional Ownership

·    Distribution Location within Reach of 25 Million Residents

·    Newly-Constructed Institutional Quality Product

·    Value-Add Opportunity Via Marketing Rents to Market

·    Record Breaking Leasing Velocity and Fundamentals

Monument Business Park Phase II 4_Property for Sale

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Monument Business Park Phase II (0 Properties)

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Last updated
14 Feb 2023