Morgan Stanley Leases 1.8-Acre Industrial Site In Medley To Ontrak Transport For 5 Years

The property is located at 10260 Northwest 116th Way in Medley, featuring an industrial asset type with a total square footage of 78,844. The asset was leased by the landlord, Morgan Stanley, to the tenant, Ontrak Transport, at an asking rent of $3 per square foot. The lease term is for 5 years under a Full Service Gross lease type.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3/ft
• Lease Term: 5 Years
• Address: 10260 Northwest 116th Way
• Market: Medley
• Landlord: Morgan Stanley
• Tenant: Ontrak Transport
• Tenant's Representative: Jose Montero - The Hype Real Estate Group
• SF: 78,844

Jose Montero, representing The Hype Real Estate Group, played a key role in facilitating this transaction. The deal highlights the location's favorable access to major highways and logistics hubs, benefiting Ontrak Transport’s operational needs. The arrangement helps Ontrak to secure a rate below the market average for the duration of the lease.