Industrial Facility Near Downtown & The Port of Houston

Description:

Colliers is pleased to present a unique investment opportunity exclusively to qualified investors. We are offering the chance to acquire the 1120 & 1140 Lockwood Dr industrial facility, strategically located just 3.5 miles east of Downtown Houston, adjacent to one of the world's largest ports, the Port of Houston.




Property Overview:

Location: 3.5 miles east of Downtown Houston, and just blocks from the Port of Houston
Facility Details: Approximately 158,000 square feet of industrial warehouse space distributed across seven buildings constructed between 1950 and 1960
Land Area: Situated on approximately 7 acres of prime infill real estate




Investment Highlights

Sale-Leaseback Opportunity: Cadeco Industries, Inc., the seller and one of the current occupants, is committed to a master lease sale-leaseback agreement as the guarantor for a period of five years.
Irreplaceable Infill Asset: No new industrial construction in this submarket for past decade, underscoring the rarity and strategic importance of this location.
Proximity to Port of Houston: Less than 2 miles from the Port of Houston, offering exceptional logistical advantages for Cadeco and future tenants.
Near Major Urban Projects: Only 1 mile from significant city developments including the East River by Midway, a 150-acre mixed-use project, and the Buffalo Bayou East Master Plan by HR&A Advisors, enhancing local amenities with new parks, trails, and cultural destinations.
The Opportunity: This offering represents a rare chance to secure an irreplaceable asset below replacement cost in a critical logistical hub, within a rapidly gentrifying submarket of Houston.

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