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fannin 1 building exterior

The 219,000 SF Class A multi-tenant warehouse was 87 percent leased at acquisition in Q3 of 2019. Located in Houston, in close proximity to the Houston Medical Center, and provides excellent accessibility to I-610, Houston’s inner-loop. Our business plan calls for immediate roof replacement, vacancy lease-up and increasing rents to market rates as leases expire.

Location

Fannin I

Houston, TX

Industrial | Unrealized

Asset Summary

Acquisition Date:
Q3 2019
Size:
219,000 SQ FT
Property Type:
Industrial
Deal Profile:
Fund III, Acquisition
Investment Profile:
Value-Add
Deal Source:
Off Market