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Cravens Logistics Center In Missouri City Fully Leased With Optimal & Medpro And Nap Queen

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LEASED

Texas

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Industrial249,370 SF
Leased 11/02/2023
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LEASED

Cravens Logistics Center In Missouri City Fully Leased With Optimal & Medpro And Nap Queen

525 South Cravens Road

See Similar Deals
Industrial249,370 SF
Leased 11/02/2023
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:249,370 SF
Transaction Type:Lease

Johnson Development Associates has fully leased its Cravens Logistics Center in Missouri City, Texas. The industrial property, spanning 249,370 square feet, attracted two tenants. Optimal & Medpro secured 118,258 square feet, while Nap Queen leased the remaining 131,112 square feet. The property is located at 525 South Cravens Road in Missouri City.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 525 South Cravens Road
  • Market: Missouri City

Geordy Johnson, representing Johnson Development Associates, served as the landlord for the transaction. Optimal & Medpro was represented by Manny Losada. Meanwhile, Garrett Clayton represented Nap Queen as the tenant. The leasing of the property was facilitated by John Nicholson of Colliers.

Note: The Cravens Logistics Center in Missouri City, developed by Johnson Development Associates, has fully leased its 249,370 square feet of space to two tenants. Optimal & Medpro took 118,258 square feet, and Nap Queen leased the remaining 131,112 square feet, with John Nicholson of Colliers facilitating the leasing of the property.

Players

John Nicholson
6 deals
BROKER

Details

LEASED
IMAGE: Geordy Johnson, Manny Losada, John Nicholson & Garrett Clayton DATE: 11/02/2023 ADDRESS: 525 South Cravens Road MARKET: Missouri City ASSET TYPE: Industrial ~ SF: 249,370 LANDLORD: Johnson Development Associates - Geordy Johnson TENANT: Optimal & Medpro - Manny Losada; Nap Queen (@NapQueenSleep) - Garrett Clayton BROKER: John Nicholson - Colliers (@ColliersInternational) NOTE: The Cravens Logistics Center in Missouri City, Texas, developed by Johnson Development Associates, has fully leased its 249,370 square feet of space to two tenants. Optimal & Medpro took 118,258 square feet, and Nap Queen leased the remaining 131,112 square feet, with John Nicholson of Colliers facilitating the leasing of the property.

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Deal Type
Effective Rent (Annual)

$14,293,737.92

Total Lease Value

$142,937,379.20

Net Landlord Cash Flow$14,293,737.92