4901 MILWEE ST Houston TX 77092-6682

Colliers is pleased to exclusively offer to qualified investors the opportunity to acquire 4901 Milwee, a Class B shallow-bay asset located in infill, Northwest Houston just 0.6 miles from U.S. 290.

The 38,706 SF, 2-building park is currently 91% leased and offers an investor the opportunity to invest in strong existing cash flow that offers a value-add opportunity with limited capital expenditures.

• Infill Location: Asset’s infill location positions it in close proximity to population hubs and major thoroughfares like U.S. 290 and the 610 loop
• 3 Year Stabilization Window: 21 months of WALT
• Below Market Rents: In-place rents are 20% below market; see cash flow assumptions on page 11
• Limited CapEx Required: The asset has received a significant amount of capital improvements, including all deferred maintenance issues, and a majority of suites are fully renovated
• Existing Cash Flow: At 91% occupancy and a majority NNN leases, the asset offers stable cash flow with a mark-to-market lease up opportunity
• Strong Fundamentals: Shallow bay and small suite multi-tenant industrial assets seeing significant rent growth and occupancy with no competing assets under construction within the competitive trade area