Industrial & Logistics

Tech Ridge Five

905 W Howard Ln Austin, Texas United States 78753-1389
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 Americas, Inc. (JLL) has been exclusively retained to offer qualified investors the opportunity to acquire Tech Ridge Five, a 226,076-square-foot best-in-class industrial facility that is located in an irreplaceable infill location within the Austin industrial market.


The property is 100% leased to Applied Materials (S&P: A-), and Carlton-Bates Company, a subsidiary of Wesco (S&P: BB-), with 3.7-years of weighted average lease term remaining and in-place rents 15% below market. With a location along IH-35, in the middle of Shops at Tech Ridge and Parmer Austin, the property offers unparalleled access to surrounding demand drivers and synergies with neighboring corporate tenancy. Tech Ridge Five presents a unique opportunity to acquire a Class-A industrial asset featuring best-of-the-best industrial tenancy, within one of the nation’s leading economies.

Investment Highlights

Fortune 400 tenancy with mark-to-market potential


Rare Austin Industrial Acquisition Opportunity

  • Tech Ridge Five presents investors with the unique opportunity to acquire 226,071 square feet of light industrial product within an infill location of Austin, a city that has limited industrial supply and minimal acquisition opportunities each year.

Stable In-Place Cash Flow with Future Upside

  • With an in-place occupancy rate of 100%, rental rates 15% below market, and limited availability for similar suite sizes and parking ratios in the competitive set, potential investors will have the ability to push rents upon tenant rollover

Institutional quality asset with significant tenant investment

  • 226,076 square foot, rear-load facility originally constructed in 1999
  • Situated on 17.0 acres of infill land, the site features 130’ deep truck court and 571 parking spaces, which translates to an above standard parking ratio of 2.5 per 1,000
  • Building features reinforced concrete construction, clear heights of 28’, 13% office finish with 100%HVAC climate-controlled warehouse space
  • In-place tenancy has spent upwards of $5.50 PSF above their provided tenant improvement allowance, signifying the tenant commitment to the asset and increasing the costs to replicate the existing improvements
Last Updated Date: 27 Nov 2020
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
TX-574897
Dustin Volz
Dustin Volz
Managing Director, Capital Markets

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+6620260615
Last Updated Date: 27 Nov 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.