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

Attributes

Year Built 2013
Building Area
Occupancy 100.0 %

Property Description

Institutional Quality Asset * Mission Critical Location for Tenant Operations * Beltway 8 Frontage/Visibility * Investment-Grade Tenancy * Substantial Tenant Investment in Buildings * Favorable Market Fundamentals

Investment Highlights

  • JLL is pleased to offer for sale NOV I & II, two Class A industrial warehouse buildings totaling 602,110 square feet along Beltway 8 in Northwest Houston. The property is 100% leased to National Oilwell Varco (S&P: BBB+) which has invested significant capital into the Property and runs its worldwide distribution network out of one building and repairs and maintenance service out of the other. NOV I & II offers investors a unique opportunity to acquire a stabilized asset with over 8 years of remaining lease term combined with
  • significant upside in future rental rates at lease expiration as NOV operates critical components of its supply chain out of these facilities and has heavy infrastructure that would be difficult to replicate.
Last Updated Date: 06 Mar 2020
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
TX-574897
Rusty Tamlyn
Rusty Tamlyn
Senior Managing Director, Industrial Group Leader
License details
TX-0225187

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Last Updated Date: 06 Mar 2020

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