facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

111 Empire Boulevard, Brook...

Tesla Inc. Leases 1,040,000 SF Industrial Space In Brookshire, Landlord Stream Realty Partners
LEASEDIndustrial

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

Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
Stream Realty Partners⁠
Stream Realty Partners⁠Landlord

Elon Musk

Tesla

Tenant

$62M

vol

32 deals

Tenant

Brookshire Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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