Clay Duvall And David Binswanger Of Lincoln Property Company Lease 436000 SF To Modular Power Solutions
18239 Aldine Westfield Road
Building Size
436,000 SF
Asset Type
Industrial
Closing
Feb 4, 2026
AI
The asset involved in this transaction is a 436,000-square-foot Class-A industrial building located at 18239 Aldine Westfield Road in Houston. This property is part of the Maverick Distribution development by Lincoln Property Company, situated on a 26-acre site near George Bush Intercontinental Airport. It serves the high-demand industrial space needed for data center operations, logistics, and equipment staging within Houston’s expanding infrastructure ecosystem.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 18239 Aldine Westfield Road
- Market: Houston
- Square Footage: 436,000 SF
- Landlord: Clay Duvall & David Binswanger - Lincoln Property Company
- Tenant: Modular Power Solutions
- Landlord's Representative: Kevin Wyatt & Robert Willard - Lincoln Property Company
- Tenant's Representative: Mac Hall, Tyler Maner & Abraham Richardson - Stream Realty Partners
Representatives from Lincoln Property Company, Kevin Wyatt and Robert Willard, facilitated the transaction on behalf of the landlords, while Mac Hall, Tyler Maner, and Abraham Richardson represented Modular Power Solutions. This lease is indicative of the rising demand for industrial space catering to advanced operational needs in Houston.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93