Theall Business Park
FOR SALE | THEALL BUSINESS PARK | SINGLE-TENANT INDUSTRIAL PARK | 7.26% CAP | 26,500 SF
Marketing description
- Single Tenant Industrial Park – Comprised of four individual, freestanding industrial buildings, which are 100.0% leased
- New Construction – 2025/2026 Construction offering reduced maintenance requirements and limited deferred capital needs
- Northwest Houston – an active industrial submarket with strong tenant demand, continued growth, and proximity to major transportation corridors, including Beltway 8, Hwy-99, SH 249, and I-45.
- Below Market Rents – in-place rents approximately 10% below current market levels, providing immediate upside potential
- 7.26% CAP – Strong going-in yield supported by fully leased, single-tenant assets
Investment highlights
JLS Real Estate is pleased to offer the Theall Single-Tenant Portfolio for sale. The portfolio is priced at a 7.26% cap rate and consists of four newly constructed, single-tenant industrial buildings located in Northwest Houston, one of the city’s strongest industrial submarkets.
The portfolio provides investors with diversified risk, as it includes four separate buildings rather than a single asset occupied by one tenant. Additionally, these are the first four buildings leased within the business park and were executed at ~10% below current market asking rates, offering meaningful upside potential upon lease expiration.
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