First Houston Properties Leases 18 Acres Industrial Outside Storage Yard In Houston
LEASED
Texas
See Similar DealsIndustrial784,080 SF
Leased 03/01/2023
LEASED
First Houston Properties Leases 18 Acres Industrial Outside Storage Yard In Houston
299 Gellhorn Drive
See Similar DealsIndustrial784,080 SF
Leased 03/01/2023
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:784,080 SF
Transaction Type:Lease
First Houston Properties has recently closed a lease transaction for an industrial outside storage yard located at 299 Gellhorn Drive in Houston. The property consists of approximately 18 acres of land, providing ample space for storage and industrial activities.
Summary of transaction details
- Property Type: Industrial Outside Storage Yard
- Transaction Amount: Not disclosed
- Address: 299 Gellhorn Drive
- Market: Houston
- Brokers: Patrick McKiernan, James Mashni & Sam Mcgurk - First Houston Properties
- Lease Term: 18 Acres IOS Stabilized Yard Lease
This lease transaction was facilitated by the team at First Houston Properties, represented by brokers Patrick McKiernan, James Mashni, and Sam Mcgurk. They successfully negotiated the terms of the lease, securing a long-term agreement for the 18-acre industrial outside storage yard.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$44,942,992.45
Total Lease Value
$449,429,924.53
Net Landlord Cash Flow$44,942,992.45
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