Industrial & Logistics

Pinto 23 Forward Sale

19000 Greens Crossing Blvd Houston, Texas United States 77067
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2022
Building Area Net
Call for Offers

Asset Description

JLL Capital Markets is pleased to present the opportunity to purchase a 100% fee- simple interest in Pinto 23, (the “Property”) a recently constructed, state-of-the-art distribution building strategically located at the Southwest intersection of I-45 and Beltway 8 in the North Houston submarket. Pinto 23 will be fully delivered in Q3 2022. The shell along with the lights and dock levelers will be delivered in July. The spec office will be completed in September. Pinto 23 offers investors the opportunity to add value via lease-up of the building in one of Houston’s premier business parks. The Property is located in Pinto Business Park, Houston’s largest deed restricted business park with over 5.3 million square feet of rentable space that is currently over 98% leased. The cross-dock building totals 282,190 square feet and features 36’ clear heights, 76 dock doors, 112 trailer spaces with capacity for 44 additional spaces, 4,604 square feet of spec office, and frontage along Beltway 8, one of Houston’s most strategic logistical thoroughfares. Pinto 23 offers investors the unique opportunity to acquire a well located, best-in-class asset at an attractive basis with significant value creation through lease-up.

Investment Highlights

·    Lease-Up Opportunity in Newly-Constructed, State-Of-The-Art Facility

·    Premier Pinto Business Park Location With Exceptional Accessibility And Regional Connectivity

·    Record-Breaking Leasing Velocity And Fundamentals

·    Houston: Nation-Leading Growth

Last Updated Date: 18 Aug 2022

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Last Updated Date: 18 Aug 2022

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