Industrial & Logistics

Westwood Business Park

1801 Royal Ln Farmers Branch, Texas United States 75229-3179
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area
Land Area ()

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors to acquire Westwood Business Park (the “Park” or “Portfolio”), a 227,894 square foot, 12-building, infill light industrial park located in Dallas, Texas. Positioned within the West Hines submarket, the Park benefits from an irreplaceable infill location with significant barriers to entry and immediate connectivity to DFW’s major transportation arteries, strongest labor pools, and primary residential and commercial hubs. Currently 86.5% leased to 30 tenants with an average remaining lease term of 3.2 years, the Portfolio provides excellent diversified cash flow with robust leasing momentum and immediate upside through lease up of the remaining vacancy.

Investment Highlights

IRREPLACEABLE LAST-MILE LOCATION

LARGE LAND ASSEMBLAGE WITHIN ONE OF DALLAS’ TIGHTEST INFILL SUBMARKETS

DIVERSIFIED IN-PLACE CASH FLOW

COMPELLING NEAR-TERM UPSIDE THROUGH LEASE-UP AND MARK-TO-MARKET

LIGHT INDUSTRIAL PRODUCT OUTPERFORMS BULK INDUSTRIAL

NATION LEADING INDUSTRIAL MARKET


  • 227,894 SF
  • 86.5% Occupancy
  • 17.8 Contiguous Acres
  • 14' - 18' Clear Heights
  • 69% Office Finish
  • 3.2 Years WALT
Last Updated Date: 19 Jul 2021
Stephen Bailey
Stephen Bailey
Managing Director
License details
TX-648685
Trent Agnew
Trent Agnew
Senior Managing Director, Industrial Group Leader
License details
TX-574897

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Last Updated Date: 19 Jul 2021

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