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New Jersey Automotive Distributor Preleases 185,413 SF Industrial Space In South Houston With Broker Reps Tyler Maner & Woody Hillyer
LEASED
Texas
See Similar DealsIndustrial185,413 SF
Leased 11/07/2023
LEASED
New Jersey Automotive Distributor Preleases 185,413 SF Industrial Space In South Houston With Broker Reps Tyler Maner & Woody Hillyer
13612 Furman Road
See Similar DealsIndustrial185,413 SF
Leased 11/07/2023
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:185,413 SF
Transaction Type:Lease
A New Jersey automotive parts distributor has preleased the 185,413-square-foot Vault Distribution Center in South Houston. The industrial property, located at 13612 Furman Road, is set to be completed by year-end. The lease was negotiated by Tyler Maner and Woody Hillyer of Stream Realty Partners, representing the landlord, Vault Partners. The tenant's representative remains undisclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Provided
- Market: Houston
- Address: 13612 Furman Road
- Square Footage: 185,413
Josh Tillis is the landlord of the Vault Distribution Center. The deal was facilitated by Tyler Maner and Woody Hillyer, who work for Stream Realty Partners and represented Vault Partners, the landlord, in the lease negotiations. The tenant's representative remains undisclosed.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$10,627,761.27
Total Lease Value
$106,277,612.74
Net Landlord Cash Flow$10,627,761.27
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