Industrial & Logistics

Highland Grove Industrial Park

10700 Telge Rd Houston, Texas United States 77095-5002
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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Building Area

Property Description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to present the opportunity to purchase the fee simple interest in Highland Grove Industrial Park (the “Property”), an 87.4% leased, 656,973 square foot industrial park in Houston, TX. Situated within a 70-acre master planned business park, the Property is comprised of three Class-A industrial buildings located in Houston’s Northwest submarket. The Property is highly accessible with direct access to Highway 290, Houston’s major northwest thoroughfare providing exceptional regional connectivity to the Houston MSA and beyond. Highland Grove is surrounded by major population cores and rapidly growing master planned communities with over 300,000 residents within a 5-mile radius.


The investment opportunity presents stable in-place cash flow from best-in-class tenants with future upside potential through the lease up of the remaining 82,587 square feet of vacancy. With a mark-to-market rent opportunity of 9.2% and 4.4% contractual NOI growth over the first three years, Highland Grove offers investors the opportunity to acquire institutional quality industrial product with 8.2 years of WALT in Houston’s most preferred submarket.

Investment Highlights

·    Highway 290 Corridor Leasing

·    Institutionally Preferred Submarket

·    Class-A Institutional Product

·    Premier Northwest Houston Location

·    Significant Access to Labor

·    Secure Cash Flow With Leasing Upside

·    Explosive Regional Population Growth

Last Updated Date: 05 Mar 2021
Trent Agnew
Trent Agnew
Senior Managing Director, Industrial Group Leader
License details
TX-574897
Rusty Tamlyn
Rusty Tamlyn
Senior Managing Director, Capital Markets
License details
TX-0225187

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Last Updated Date: 05 Mar 2021

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