
Fairbanks Northwest Distribution Center
7810 Fairbanks North Houston Road, Houston, TX, 77040, US
33,219 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to market for sale the fee simple interest in the Westrock Supply Chain Center (the “Property” or the “Offering”), a 322,941 square-foot, CSX rail-served cross-dock facility in Cincinnati’s supply-constrained Tri-County submarket. The Offering is 100% leased to Smurfit WestRock (the “Tenant”), a global leader in sustainable paper and packaging solutions who utilizes 9 active rail doors to inbound heavy paper and packaging material rolls which are stored, corrugated, and distributed to various Westrock plants and other Cincinnati-area clients nearby.
Positioned less than a 10-min drive from I-275 and I-75, this site presents its users immediate highway connectivity to Cincinnati’s logistics-oriented transportation infrastructure including Amazon and DHL air hubs at the Cincinnati / North Kentucky International Airport. Driven by a local workforce over 600,000 within just 10-miles, Tri-County has become Cincinnati’s largest industrial submarket claiming notable institutional owners and blue-chip occupiers such as Amazon, GE, Kao Brands, Honeywell, to name a few. WestRock Supply Chain Center presents investors the opportunity to acquire stable in-place cash-flow with accretive 3.50% annual escalations backed by investment-grade credit tenancy (Fitch: BBB+) with strong location and operational ties and 4.5 years of lease term remaining (in addition to a 5-year renewal option at fair market value).