Jones Lang LaSalle (“JLL”), as the exclusive advisor to the Owner, is pleased to present the opportunity to purchase the fee simple interest in Point North Sort Center (the “Property”), a 240,000 square foot, sortation center in Houston, TX with 4.9 years of lease term remaining. Developed in 2013 by Duke Realty, the state-of-the-art warehouse is currently 100% leased to a leading e-commerce tenant and offers 2.5% annual rent increases throughout the remainder of the term. The tenant also put significant capital investment into the building, totaling over $1.5 million worth of tenant-funded improvements. Located directly East of George Bush Intercontinental Airport, the Property is a mission critical location for the tenant, providing the most convenient access to Northeast Houston.
· Secure Cash Flow With Back-End Upside Potential
· State-Of-The-Art Facility
· Investment Grade Tenant
· Mission Critical Location For A Sort Center
· Premier Business Park Location With Exceptional Access
· Growth Of E-Commerce
· Houston: Nation-Leading Growth