Drilling Tools International Leases Industrial Property On Southcreek Lane In Houston
LEASED
+ 1
Texas
See Similar DealsIndustrial27,150 SF
Leased 10/29/2021
LEASED
Drilling Tools International Leases Industrial Property On Southcreek Lane In Houston
1612 Southcreek Lane, Houston, TX, USA
See Similar DealsIndustrial27,150 SF
Leased 10/29/2021
+ 1
Summary
TEXAS
Asset Type:Industrial
Total Square Footage:27,150 SF
Transaction Type:Lease
The industrial property located at 1612 Southcreek Lane in Houston has been leased. The property covers an area of 2.9 acres and has a total square footage of 27,150. The lease transaction took place on October 29, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Houston
- Landlord: TRECAP Southcreek Partners
- Tenant: Drilling Tools International
- Landlord's Representative: Jason Tangen - Colliers International
- Tenant's Representatives: Ed Frantz, John Amini, & Boomer White - CBRE
The lease transaction was facilitated by Jason Tangen from Colliers International, representing the landlord, TRECAP Southcreek Partners. The tenant, Drilling Tools International, was represented by Ed Frantz, John Amini, and Boomer White from CBRE.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,556,221.62
Total Lease Value
$15,562,216.17
Net Landlord Cash Flow$1,556,221.62
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