14651 Philippine St, Houston, TX, 77040-6963, US

Kensington Crossings

Asset description

Jones Lang LaSalle (“JLL”) is pleased to present Kensington Crossings (“the Property” or “the Asset”), a 254-unit, 3-story garden-style community in Northwest Houston. Developed in 2009 and partially renovated in 2021, the community consists of 11 three-story buildings spread across 12.5 acres. Located directly off Beltway 8, 5 minutes from HW 290, and 10 minutes from HW 249, the Asset is highly accessible to an abundance of employers and zoned to the acclaimed Cypress-Fairbanks ISD. This offering provides a prime opportunity for new ownership to acquire a well-maintained, low density living community in a bolstering submarket with significant value-add potential.

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Attributes

Units

254

Occupancy

89%

Year built

2009

Building area net

236,869 sf

Land area net

12.5 acres

Media

Investment highlights

Value-Add Opportunity with Rent Growth Potential
Zoned to Cypress-Fairbanks ISD – The #2 School District in Harris County
Proximate to Retail, Parks, and Other Demand Drivers
Highly Accessible Off Sam Houston Tollway and US-290
Located Near Multiple Major Employment Drivers
Strategically Positioned to Benefit from Northwest Houston Population Growth
Outstanding Community Amenities with a Resort-Style Pool, Pet Park, and Outdoor Picnic Area
Available at a Significant Discount to Replacement Cost
Limited Existing and Competing Supply