The Brown Portfolio

Highlights:

• Infill Location: The portfolio’s infill locations are positioned in close proximity to population hubs and major thoroughfares like U.S. 290, I-45, and the 610 Loop.
• 3 Year Stabilization Window: 2-year average WALT remaining with FMV renewal options.
• Below Market Rents: In-place rents are 10-20% below market.
• Limited CapEx Required: The portfolio has received a significant amount of capital improvements, including full renovations on 79% of the suites.
• Existing Cash Flow: at 93% occupancy and a majority NNN leases, the asset offers stable cash flow with a mark-to-market lease up opportunity.
• Strong Fundamentals: Small bay industrial assets are seeing strong rent growth and leasing absorption, particularly in infill locations. No competing assets under construction within competitive trade area.

Description:

Colliers is pleased to present on an exclusive basis to qualified investors, the opportunity to acquire the Brown Portfolio (the “Portfolio”), a collection of four small-bay industrial buildings totaling 57,565 square feet strategically located around Houston’s 610 Loop and in the Spring Branch submarket.

The Portfolio is 93% leased and offers investors a day-one, cash-flowing asset. With strong in-place occupancy, top-of-market rental positioning, and an established management framework, the Portfolio is well-positioned to deliver immediate income and a seamless ownership transition.

Property Summary
Total / Average
Construction Type Metal, CMU 
Rentable Building Area (SF) 57,565 SF
Land Area (AC) 3.1 AC
Year Built | Reno: 1984 | 2023
Number of Suites 35
Average Suite Size 1,815
Occupancy Rate (%) 93%
WALT (Years) 2.0 Years

Documents: