Lee & Associates Leases Industrial Property At 701 Plastics Ave, Houston
LEASED
Texas
See Similar DealsIndustrial88,000 SF
Leased 09/26/2018
LEASED
Lee & Associates Leases Industrial Property At 701 Plastics Ave, Houston
701 Plastics Ave, Houston, TX, 77020
See Similar DealsIndustrial88,000 SF
Leased 09/26/2018
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:88,000 SF
Transaction Type:Lease
The industrial property at 701 Plastics Ave in Houston, TX, 77020, spans 88,000 square feet and was built on 6.2 acres in 1979. It features 3,520 square feet of office space, serving as a versatile space for various industrial activities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Available
- Address: 701 Plastics Ave, Houston, TX, 77020
- Market: Houston
- Landlord's Representative: CE "Trey" Erwin III (Lee & Associates)
- Tenant: Grow Texas Plastics LLC
CE "Trey" Erwin III, Robert McGee, and Dalton Knipe from Lee & Associates were the representatives of the undisclosed landlord in negotiating the industrial lease at 701 Plastics Ave. The tenant, Grow Texas Plastics LLC, secured the lease for the 88,000-square-foot industrial property, utilizing the space for their operations in Houston.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,044,106.90
Total Lease Value
$50,441,068.97
Net Landlord Cash Flow$5,044,106.90
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