LTR Intermediate Holdings Inc Leases 127046 Square Feet At 2425 Turning Basin Dr Houston
LEASED
Texas
See Similar DealsIndustrial127,046 SF
LEASED
LTR Intermediate Holdings Inc Leases 127046 Square Feet At 2425 Turning Basin Dr Houston
2425 Turning Basin Dr, Houston, TX, 7...
See Similar DealsIndustrial127,046 SF
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:127,046 SF
Transaction Type:Lease
The property asset involved is a full-building industrial lease located at 2425 Turning Basin Drive, Houston, TX. It encompasses 127,046 square feet and features 23-foot clear heights along with 12 dock-high doors and 20,292 square feet of office space.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Address: 2425 Turning Basin Dr, Houston, TX
- Market: Houston
- Tenant: LTR Intermediate Holdings Inc
- Landlord: Macey Family Properties
- Tenant's Representative: John D. Garza
- Landlord's Representative: John Nicholson, Royal Shell Real Estate
- Additional Representatives: Zack Taylor, Trey Horne of Colliers
This lease transaction is notable for the representation provided by key individuals: John Nicholson, Zack Taylor, and Trey Horne, who represented Macey Family Properties. John Garza represented the tenant, LTR Intermediate Holdings Inc, through Windsor Hill Real Estate Group.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,282,200.06
Total Lease Value
$72,822,000.55
Net Landlord Cash Flow$7,282,200.06
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