TV ELECTRIC Signs 5-Year Lease At 11953 Fm 529 Rd, Houston With Landlord The Texas Development Company
LEASED
Texas
See Similar DealsIndustrial32,250 SF
Leased 04/17/2023
LEASED
TV ELECTRIC Signs 5-Year Lease At 11953 Fm 529 Rd, Houston With Landlord The Texas Development Company
11953 Fm 529 Rd
See Similar DealsIndustrial32,250 SF
Leased 04/17/2023
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:32,250 SF
Transaction Type:Lease
The Texas Development Company, represented by Mike Ferris, leased an industrial property located at 11953 Fm 529 Rd in Houston. The property spans approximately 32,250 square feet and was leased to TV ELECTRIC for a term of 5 years. The lease transaction was facilitated by brokers William Byrd and Patrick McKiernan of First Houston Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 11953 Fm 529 Rd
- Market: Houston
Mike Ferris, representing The Texas Development Company, acted as the landlord in the lease deal. TV ELECTRIC is the tenant that entered into the lease agreement for the industrial property. William Byrd and Patrick McKiernan, from First Houston Properties, served as the brokers facilitating the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,848,550.54
Total Lease Value
$18,485,505.39
Net Landlord Cash Flow$1,848,550.54
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