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

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LEASED

Texas

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Industrial1,040,000 SF
Leased 01/13/2023
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LEASED

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

111 Empire Boulevard, Brookshire, Texas 77423, United States

See Similar Deals
Industrial1,040,000 SF
Leased 01/13/2023
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,040,000 SF
Transaction Type:Lease

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

BROKERAGE


Elon Musk
30 deals$62M volume
TENANT

Details

LEASED
IMAGE: Elon Musk DATE: 01/13/2023 ADDRESS: 111 Empire Blvd MARKET: Brookshire ASSET TYPE: Industrial ~ SF: 1,040,000 LANDLORD: Stream Realty Partners (@streamrealtypartners) TENANT: Tesla Inc. (@teslamotors) - Elon Musk BROKER: Cushman & Wakefield

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Deal Type
Effective Rent (Annual)

$59,612,172.42

Total Lease Value

$596,121,724.20

Net Landlord Cash Flow$59,612,172.42