Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is proud to offer the opportunity to acquire the 100% fee-simple interest in the Houston & DFW Industrial Portfolio (the “Portfolio”).
The Portfolio features a collection of six (6) high-quality, fully leased industrial buildings strategically positioned across two of Texas’ most dynamic and highly sought-after industrial markets, including (based on % of Stabilized NOI): Houston (71.7%) and Dallas-Fort Worth (28.3%).
Spanning 928,987 RSF, the Portfolio is 100% leased to eight (8) tenants with a weighted average lease term (WALT) of 3.7 years.
The staggered lease expirations create an attractive opportunity for investors to capitalize on rental increases over time and steadily grow net operating income. Current in-place rents boast a 22% mark-to-market opportunity, offering additional value creation as leases roll and rents are adjusted to market rates.
Building sizes range from 27,167 to 341,120 RSF, with an average construction year of 2015. The properties feature modern industrial specifications, including ESFR fire sprinkler systems, average clear heights of 31’, expansive truck courts, concrete tilt-up construction, and abundant parking to meet tenant demand.
The Houston & DFW Industrial Portfolio will be delivered free and clear of existing financing and offers a rare opportunity to acquire an institutional-quality collection of assets in some of Texas’ most highly coveted logistics hubs.
This portfolio is part of the Western U.S. Industrial Portfolio. For Portfolio information, please reach out to Will Strong, Jeff Chiate, or Jud Clements.