Park Place 8 — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Houston, TX 77041

Photos

Park Place 8 — Sale in Houston, TX, photo 1 of 8
Park Place 8 — Sale in Houston, TX, photo 2 of 8
Park Place 8 — Sale in Houston, TX, photo 3 of 8
Park Place 8 — Sale in Houston, TX, photo 4 of 8
Park Place 8 — Sale in Houston, TX, photo 5 of 8
Park Place 8 — Sale in Houston, TX, photo 6 of 8
Park Place 8 — Sale in Houston, TX, photo 7 of 8
Park Place 8 — Sale in Houston, TX, photo 8 of 8

Description

Jones Lang La Salle (“JLL”), on behalf of ownership, is pleased to offer for sale Park Place 8 (“the Property”), a 250,894 square foot Class B business park in Northwest Houston, TX. The Property is 83% leased to 15 tenants with a weighted average remaining lease term of 4.2 years. The Property offers new ownership a unique value-add opportunity with the ability to increase NOI via lease-up of the remaining vacancy capitalizing on the robust rent growth and outsized fundamentals occurring in the Texas industrial market. The Property is made up of 4 high-performing flex industrial assets located in an irreplaceable infill location with significant barriers to entry and immediate connectivity to Houston’s primary commercial and residential hubs. The location offers unmatched frontage on Beltway 8 and provides tenants with the highly desired park setting. The Property’s diverse configuration offers rear-load space catering to both smaller showroom tenancy and larger distribution tenants.

Market Context

This industrial in Houston, TX is listed for sale. Compare it against other industrial listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston industrial market showed a 7.4% vacancy rate, average asking rents near $7.73/SF/yr, and cap rates around 7.7%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Houston?
About 7.7% as of Q1 2026, per multiple brokerage reports.
Is the Houston industrial market tightening or softening?
Vacancy is around 7.4% (Q1 2026).

Contact

Explore this market

Similar Industrial Property for Sale in Houston, TX