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Invesco Leases 85.5K SF Industrial Building To Pinnacle Exhibits In Morgan Hill
LEASED
California
See Similar DealsIndustrial85,500 SF
Leased 11/07/2023
LEASED
Invesco Leases 85.5K SF Industrial Building To Pinnacle Exhibits In Morgan Hill
18225 Butterfield Boulevard
See Similar DealsIndustrial85,500 SF
Leased 11/07/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:85,500 SF
Transaction Type:Lease
Invesco has leased an 85,500-square-foot building at the Butterfield 5 Technology Park in Morgan Hill, California, to Pinnacle Exhibits. The terms of the deal were not disclosed. The building is part of a larger industrial park that Invesco purchased in May 2022 for $119 million.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 18225 Butterfield Boulevard, Morgan Hill, California
- Market: Morgan Hill
- Size: 85,500 square feet
The landlord for this lease is Invesco, represented by R. Scott Dennis. The tenant is Pinnacle Exhibits, represented by Brad Hogan. The deal was facilitated by brokers Chip Sutherland and Rob Shannon from CBRE.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,900,808.41
Total Lease Value
$49,008,084.06
Net Landlord Cash Flow$4,900,808.41
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