The Brown Portfolio

Description:

Executive Summary

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 100% 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.




Investment 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: 2.2-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 100% occupancy and a majority NNN leases, the asset offers stable cash flow with day one positive leverage.
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.




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 (%) 100%

WALT (Years) 2.2 Years

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