Dalton Wallace Leases Industrial Space To PicklePoint At 15623 Mueschke Road In Cypress
LEASED
$10
Texas
See Similar DealsIndustrial32,430 SF
Leased 01/06/2025
LEASED
Dalton Wallace Leases Industrial Space To PicklePoint At 15623 Mueschke Road In Cypress
15623 Mueschke Road
See Similar DealsIndustrial32,430 SF
Leased 01/06/2025
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$10
Total Square Footage:32,430 SF
Transaction Type:Lease
The property asset involved in this transaction is an industrial space located at 15623 Mueschke Road in the Cypress market. The lease term is set for 124 months, under a NNN lease structure. The asking rent is $10 per square foot, with a total area of 32,430 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10/ft
- Lease Term: 124 Months
- Lease Type: NNN Lease
- Landlord: Dalton Wallace
- Tenant: PicklePoint
- Brokers: Marc Lawson, Andrew Coronado & Steven O'Connor - PrinGroup Commercial
Marc Lawson, Andrew Coronado, and Steven O'Connor, representing PrinGroup Commercial, played key roles in facilitating this lease transaction, bridging the interests of Dalton Wallace, the landlord, and PicklePoint, the tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$401,515.49
Total Lease Value
$4,015,154.95
Net Landlord Cash Flow$401,515.49
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