
3° Red Bluff
1015 Red Bluff Road, Pasadena, TX, 77506, US
99,884 sf
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a fee simple interest in Scottsdale Crossing Building 1 (the “Property” or “Scottsdale Crossing”), a 30,000 square foot, shallow bay industrial building in Cedar Park, Texas. The Property is in an urban infill location in the Scottsdale Crossing development, just east of the Scottsdale Drive and US 183A intersection. Scottsdale Crossing is currently 100% leased to three tenants with 4.3 years of WALT. The Cedar Park submarket remains a high barrier to entry industrial market creating excellent long term rate growth and a steady tenant demand. The Property presents investors with the opportunity to acquire a stable, cash flowing, Class A industrial asset with excellent upside potential in one of America’s fastest growing suburbs.
STABLE CASH FLOW WITH HIGH QUALITY TENANCY
100% LEASED TO 3 TENANTS WITH 4.3 YEARS OF WALT
VALUE ADD OPPORTUNITY
CURRENT TENANTS ARE 23% BELOW MARKET
CLASS A ASSET
RECENT CONSTRUCTION WITH IDEAL FLOORPLATE AND FINISHES
SUPERIOR SUBMARKET
AVERAGE OCCUPANCY OF 92% OUTPERFORMS THE AUSTIN MSA
STRONG SHALLOW BAY DEMAND
SHALLOW BAY BUILDINGS IN CEDAR PARK HAVE ABSORBED 2X THE AMOUNT OF NEW DELIVERIES OVER THE PAST 5 YEARS
NATION-LEADING SUBMARKET GROWTH
CEDAR PARK HAS SEEN 40% POPULATION GROWTH SINCE 2010