Industrial & Logistics

Bay Terrace I & II

555 Forge River Rd Webster, Texas United States 77598-4369
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net

Property Description

Jones Lang LaSalle (“JLL") on behalf of ownership, is pleased to offer for sale Bay Terrace I & II (the "Property"), two Class A flex/light industrial assets totaling 200,354 square feet in the Southeast Houston industrial submarket. 100% leased to primarily aerospace and defense tenants, the Property is strategically located just 2 miles away from the NASA Johnson Space Center, providing mission critical space for its occupants. The Property has been maintained to the highest institutional standards with significant CAPEX invested into the Property by both owner and tenants over the years. With very limited flex/light industrial availability and supply in the submarket, the Property provides investors the opportunity to acquire a fully leased asset with upside via mark to market rents upon rollover.

Investment Highlights

·    Sticky Tenancy With Long Term Dedication To The Site & Excellent Credit

·    Mission Critical Location For Tenants

·    Irreplaceable, Unique Product In An Under Served Submarket

·    Immaculately Maintained Facilities Housing State Of The Art Technology

·    Strategic Southeast Houston Location Proximate To The Port of Houston & NASA

·    Houston Leasing Velocity

·    Explosive Regional Growth

Last Updated Date: 14 Oct 2021
Trent Agnew
Trent Agnew
Senior Managing Director, Industrial Group Leader
License details
TX-574897
Charlie Strauss
Charlie Strauss
Director, Capital Markets

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Last Updated Date: 14 Oct 2021

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