Industrial & Logistics

Wells Fargo Business Park

301 Wells Fargo Dr Houston, Texas United States 77090-4060
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

Property Description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to present the opportunity to acquire Wells Fargo Business Park (the “Property”), a 104,212 square foot industrial park consisting of two light industrial/flex buildings in Houston’s north submarket. Situated on 7.705 acres, the Property is currently 76.4% leased with 2.9 years of WALT and rents currently 18.2% below market. The Property is highly accessible, located just west of Interstate 45, Houston’s major north/south thoroughfare, and half a mile south of FM 1960. Wells Fargo Business Park offers investors upside through lease up of the remaining 24,645 square feet of space and rolling rents to market rates upon expiration without the need for capital expenditures due to recent upgrades.

Investment Highlights

·   Strategic Location Providing Regional Connectivity

·   Value-Add Opportunity With Upside

·   Rare Opportunity To Acquire Versatile Light Industrial Product

·   Quality Assets With Recent Capital Upgrades

·   Strong Market Fundamentals

·   Priced Well Below Replacement Cost

Last Updated Date: 21 Apr 2021
Charlie Strauss
Charlie Strauss
Director, Capital Markets
Trent Agnew
Trent Agnew
Senior Managing Director, Industrial Group Leader
License details
TX-574897

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Last Updated Date: 21 Apr 2021

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