Houston Industrial Development One LP Leases 22000 Square Feet To Stacey Supply Corp In Pasadena
LEASED
Texas
See Similar DealsIndustrial22,000 SF
LEASED
Houston Industrial Development One LP Leases 22000 Square Feet To Stacey Supply Corp In Pasadena
2915 Pasadena BLVD, Pasadena, TX, 7...
See Similar DealsIndustrial22,000 SF
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:22,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a 22,000-square-foot industrial space located at 2915 Pasadena Boulevard, situated on 1.5 acres in the Pasadena market area. The property was developed on a speculative basis.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 2915 Pasadena BLVD, Pasadena, TX
- Landlord: Houston Industrial Development One LP
- Landlord's Representative: Clay Pritchett - NAI Capital
- Tenant: Stacey Supply Corp
- Tenant's Representative: Sarah Hoffman - NAI Partners
- Square Feet: 22,000
Clay Pritchett of NAI Partners represented the landlord in the lease negotiations, while Sarah Hoffman, also from NAI Partners, represented the machinery manufacturer Stacey Supply Corp as the tenant in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,261,026.72
Total Lease Value
$12,610,267.24
Net Landlord Cash Flow$1,261,026.72
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