Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Gross
Call for Offers 2022-03-08

Asset Description

  • Property Type: Garden Style
  • Year Built: 2019
  • Units: 336 Units
  • Average Unit Size: 899 sf
  • Rentable Square Feet: 302,107 sf
  • Site Size: 19.78 acres


Investment Highlights

  • 2019 construction, class-A suburban product with best-in-class, next gen finishes and amenities
  • In the path of growth of Southeast Houston's industrial development- strongest leasing activity of any submarket for the second quarter in a row at 8.5 million s.f. of activity
  • Premier Baytown location with exceptional access to Houston's top employment centers including Downtown, NASA, and Texas Medical Center
  • Supply-constrained submarket with all-time rental rate highs with 8.9% T12 rent growth and no conventional units under construction
  • Zoning restrictions in Baytown, a rarity in the Houston MSA, create effective barriers-to-entry and above-market rents
  • Outstanding local demand drivers: Port of Houston, Houston Methodist Baytown, and Cedar Port Industrial Park
  • Significant premium to own versus rent in Baytown due to elevated home prices


Last Updated Date: 25 Jan 2022

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Last Updated Date: 25 Jan 2022

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