Jones Lang LaSalle (JLL), on behalf of the owner, is pleased to present the opportunity to purchase the fee simple interest in 16330 Air Center Blvd. (the property), a 100% leased, 79,579 square feet, Class A, single tenant industrial facility in Houston, Texas. The property is located in the highly desirable North submarket and offers a high quality single tenant headquarters facility with immediate access to the Hardy Toll Road and Sam Houston Tollway.
The property serves as the headquarters for Equipment Depot, a Mitsubishi Corp. subsidiary specializing in the rental, sale, and servicing of forklifts and other aerial construction lifts. Equipment Depot is highly committed to this location with significant capital invested in the property and 8 years of lease term remaining. The building can also be expanded in the future to accommodate growth.
· Single tenant net leased asset
· 8-years of remaining lease term
· 2.4% annual rent escalations
· Corporate headquarters facility
· Strategic location near IAH Airport
· Strong property type fundamentals