Industrial & Logistics

Willowbend Business Park

3605 Willowbend Blvd Houston, Texas United States 77054-1116
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY 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

Year Built 1980
Building Area Net
Call for Offers 2022-03-09

Asset Description

JLL is pleased to offer for sale Willowbend Business Park (the “Property”), an eight-building rail-served industrial park totaling 654,352 square feet. The Property is located within Houston’s southwest submarket at the corner of Willowbend Boulevard and Highway 90, just one mile south of Loop 610 (Houston’s inner loop) and three miles from the Texas Medical Center, the world’s largest medical center. The two anchor tenants, Chempak International and Iron Mountain, have each leased space at the Property since the late 1990’s and will soon compose 44.9% of the net rentable area onsite after reconfiguring their footprint at the Property within the past 18 months and renewing for 10 and 5 years respectively. As of November 2022, the property will be 73.2% occupied with 6.0 years of WALT from the existing tenant base, providing buyers with a unique opportunity to add value via lease-up of the vacancy while simultaneously receiving reliable in-place cash flow from a roster of dedicated tenants.

Investment Highlights

·    Highly Committed Tenancy

·    Premium Infill Location

·    Texas Medical Center Proximity

·    Value-Add Opportunity Via Lease-Up and Mark-to-Market Strategy

·    Outstanding Micro-Market Performance

Last Updated Date: 02 Feb 2022

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Last Updated Date: 02 Feb 2022

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