Custom Goods LLC Leases 353600 Square Feet At 9431 Bay Area Blvd Houston From Bay Bluff LP
LEASED
Texas
See Similar DealsIndustrial353,600 SF
LEASED
Custom Goods LLC Leases 353600 Square Feet At 9431 Bay Area Blvd Houston From Bay Bluff LP
9431 Bay Area BLVD, Houston, TX, 77...
See Similar DealsIndustrial353,600 SF
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:353,600 SF
Transaction Type:Lease
An industrial lease has been negotiated at 9431 Bay Area Boulevard, located in the Bay Area Business Park in Pasadena, Texas. The property encompasses a total square footage of 353,600, serving as a significant asset in the Houston market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 9431 Bay Area BLVD, Houston, TX
- Market: Houston
- Tenant: Custom Goods LLC
- Landlord: Bay Bluff LP
- Tenant's Representative: Doug Nicholson - Newmark
- Landlord's Representative: Stream Realty Partners
- Square Feet: 353600
The negotiation involved Doug Nicholson from Newmark representing the tenant, Custom Goods LLC, a logistics firm based in Los Angeles. Stream Realty Partners acted on behalf of the landlord, Bay Bluff LP, facilitating the terms of the lease.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$20,268,138.62
Total Lease Value
$202,681,386.23
Net Landlord Cash Flow$20,268,138.62
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