Tesla Inc. Leases 1,040,000 SF Industrial Space In Brookshire, Landlord Stream Realty Partners
111 Empire Boulevard, Brookshire, Texas 77423, United States
Building Size
1,040,000 SF
Asset Type
Industrial
Closing
Jan 13, 2023
AI
Tesla Inc., led by Elon Musk, has signed a lease for an industrial property located at 111 Empire Blvd in Brookshire. The property, measuring 1,040,000 square feet, is owned by Stream Realty Partners. The deal was facilitated by brokerage firm Cushman & Wakefield.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Date: 01/13/2023
- Address: 111 Empire Blvd
- Market: Brookshire
- Tenant: Tesla Inc.
- Landlord: Stream Realty Partners
- Broker: Cushman & Wakefield
This lease agreement highlights the partnership between Tesla Inc., with Elon Musk at the helm, and Stream Realty Partners. The industrial property, situated at 111 Empire Blvd in Brookshire, provides ample space spanning 1,040,000 square feet. Cushman & Wakefield worked alongside both parties to facilitate the lease.
Players
Brookshire Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93