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|Call for Offers||2022-05-25|
Jones Lang LaSalle, Inc. (“JLL”) has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire Rojas East Distribution Center (the “Property”), a newly constructed, two-building, Class A Industrial Park in El Paso, Texas. The Property totals 369,310 square feet across two rear-load buildings that are 100%-leased to two single-tenants, Wiwynn International (subsidiary of Wiwynn) and JL International (dba Transload Forwarding), with 5.9 years of weighted average lease term remaining. Rojas East DC is located a mile or less from both Interstate 10 and Loop 375, offering exceptional access to the entire El Paso metropolitan area, in addition to regional connectivity via Interstate 10. The Property presents an outstanding opportunity to acquire brand-new, stabilized Class A industrial buildings in the robust El Paso logistics hub, which is currently 1.5% vacant and has produced 10.5% rent growth in the past year.
- 100% LEASED WITH SUBSTANTIAL TERM
- STABLE IN-PLACE CASH FLOW WITH FUTURE UPSIDE
- INSTITUTIONAL QUALITY INDUSTRIAL ACQUISITION OPPORTUNITY
- NEIGHBORING CORPORATE TENANCY
- PREMIER REGIONAL DISTRIBUTION LOCATION
- NORTH AMERICA’S 7TH LARGEST MANUFACTURING HUB