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Rymar USA Signs Long-Term Lease For 21,138 SF Industrial Space In Houston

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LEASED

Texas

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Industrial21,138 SF
Leased 06/01/2023
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LEASED

Rymar USA Signs Long-Term Lease For 21,138 SF Industrial Space In Houston

10511 Kipp Way St Houston, TX 77099, USA

See Similar Deals
Industrial21,138 SF
Leased 06/01/2023
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:21,138 SF
Transaction Type:Lease

The industrial property located at 10511 Kipp Way Street in Houston, Texas has been leased. The property spans a total of 21,138 square feet and is situated in the Beltway 8 Business Park.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 10511 Kipp Way Street, Houston, TX
  • Market: Houston
  • Landlord: Seals Kipp Way Street - Derrick Jones
  • Tenant: Rymar USA
  • Brokers: Ryan Hartsell & Chase McAteer - Oxford Partners

Rymar USA, a Canadian company, has secured a long-term lease for their first location in Texas. The decision to choose the Beltway 8 Business Park as their ideal location was influenced by its prime positioning. Representing the tenant, Rymar USA, in the lease negotiations were Ryan Hartsell and Chase McAteer from Oxford Partners. On the other side, Derrick Jones with Sealy and Company acted as the landlord's representative.

Players

Chase McAteer
7 deals
BROKER

Ryan Hartsell
Oxford Partners
20 deals(281) 923-5660
BROKER

Details

LEASED
IMAGE: Ryan Hartsell & Chase McAteer DATE: 06/01/2023 ADDRESS: 10511 Kipp Way Street MARKET: Houston ASSET TYPE: Industrial ~ SF: 21,138 LANDLORD: Seals Kipp Way Street - Derrick Jones TENANT: Rymar USA BROKERS: Ryan Hartsell & Chase McAteer (@T3i_Chase) - Oxford Partners (@OxfordPartnershTx) NOTE FROM BROKER: Ryan Hartsell and Chase McAteer with Oxford Partners represented the tenant Rymar USA in the lease negotiations for a 21,138 square foot industrial lease located at 10511 Kipp Way Houston, TX. The long-term lease is the first location in Texas for the company and Beltway 8 Business Park is the ideal location for Canadian Company. Derrick Jones with Sealy and Company represented the landlord, Sealy and Company.

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Deal Type
Effective Rent (Annual)

$1,211,617.40

Total Lease Value

$12,116,174.04

Net Landlord Cash Flow$1,211,617.40