Beltway 8 Shallow Bay Portfolio_Property for Sale
Beltway 8 Shallow Bay Portfolio_Property for Sale

Beltway 8 Shallow Bay Portfolio

Houston, TX, US, Americas

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire Beltway 8 Shallow Bay Portfolio (the “Property” or “Portfolio”), a Class-B light industrial park located in the North and Northwest submarkets of Houston, TX. The Portfolio is comprised of six buildings totaling 203,124 square feet of light industrial and warehouse space offering both single and multi-tenant flexibility. The irreplaceable infill locations with convenient access to Beltway 8 and Highway 290 is the “Main-and-Main” destination for Houston light industrial tenants serving the dense population in North & Northwest Houston, exemplified by the quality of tenancy and ownership surrounding the Property.


Beltway 8 Shallow Bay Portfolio is home to a diverse range of suite configurations featuring six rear-load buildings and suite sizes ranging from 1,950 square feet to 41,310 square feet. 96% of the portfolio’s suites are sub 20,000 square feet, catering to a growing tenancy base insulated from Houston’s development pipeline. Currently 79% leased with 2.2 years of weighted average lease term remaining, potential investors have the unique value-add opportunity to significantly grow NOI through the lease-up of existing vacancies.


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Attributes

Building area gross
203,124 sf
Building class
B
Occupancy
79%
Year built
1995
WALT
2.2 years
Beltway 8 Shallow Bay Portfolio (2 Properties)
Beltway 8 Shallow Bay Portfolio (2 Properties)

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Investment highlights

  • Irreplaceable, Infill Locations With Immediate Access To Employment & Population Centers
  • Institutionally Preferred Submarket Surrounded By Best-In-Class Ownership
  • Versatile Light Industrial Product
  • Vintage Shallow Bay Product Outperforming Class A Industrial
  • Institutionally Maintained Product With Significant Value-Add Opportunity Via Lease-Up
  • Land Constrained Infill Location Insulated From Future Supply
Beltway 8 Shallow Bay Portfolio 4_Property for Sale
Beltway 8 Shallow Bay Portfolio 4_Property for Sale

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Last updated
Dec 13, 2024