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|Call for Offers||2022-01-20|
Jones Lang LaSalle ("JLL") on behalf of ownership, is pleased to offer for sale 6910 E Orem (the "Property"), two Class A industrial assets totaling 131,250 square feet in the Southeast Houston industrial submarket. 100% leased to General Plastics & Composites, the Property is strategically located just 4 miles away from Hobby Airport, providing a central location in south Houston. The property was constructed in 2013 as a build-to-suit- for GP&C designed specifically for effective workflow and includes a warehouse, manufacturing building, and two-story corporate office. Additionally, GP&C has invested over $1.7 million in improvements since the facility's original construction, further displaying their long-term commitment to the Property. At $14.6MM, 6910 E Orem allows an investor to acquire a one-of-a-kind single-tenant industrial asset at an extremely attractive basis, with durable in-place cash flow resulting in double digit cash-on-cash yields.
· Single Tenant With Long Term Dedication To the Site
· Versatile Industrial Product
· Secure Cash Flow With Back-End Upside Potential
· Irreplaceable Industrial product Amidst Rising Construction Costs
· Strategic Southeast Houston Location Near Hobby Airport
· Houston: Nation Leading Growth