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1207 Rankin Rd, Houston, TX 1215 Rankin Rd, Houston, TX
Fairway North Logistics Park
Asset ClassIndustrial
348,933 SF | 2 Buildings | 2022 Construction | 92% Leased | 3.9 Year WALT
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of Fairway North Logistics Park, Buildings 1 and 3, two state-of-the-art distribution buildings totaling 348,933 square feet. The buildings are located just west of George Bush Intercontinental Airport and feature premier visibility and accessibility from the Hardy Toll Road via Rankin Road. In addition, the buildings are situated less than two miles from I-45 and Beltway 8, two of Houston’s primary thoroughfares.

 

Fairway North Logistics Park is currently 92% leased to a diversified tenant base with a WALT of 3.9 years. All of the in-place leases include strong annual rent increases through lease expiration, and there is an immediate opportunity to capture NOI growth through the lease-up of the remaining vacancy that is in lease-ready condition.

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1207 Rankin RdHouston, TX 77073

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Listing provided by Revere CRE