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Fort Capital Leases 15007 SF Industrial Space To Smart Source Auctions In Houston Texas

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LEASED

Texas

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Industrial15,007 SF
Leased 04/21/2025
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LEASED

Fort Capital Leases 15007 SF Industrial Space To Smart Source Auctions In Houston Texas

Gemini Street

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Industrial15,007 SF
Leased 04/21/2025
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:15,007 SF
Transaction Type:Lease

The lease involves an industrial asset located at 905 Gemini Street in Houston, Texas, with a total square footage of 15,007. This property is situated in Gemini Business Park, which is known for its proximity to NASA's Johnson Space Center and its accessibility to major highways and shipping routes. The space has been recently renovated, aiming to accommodate a range of industrial tenants with flexible layouts and modern finishes.

Summary of transaction details:

This transaction showcases the efforts of key individuals in the leasing process, with Walter Menuet and Benjamin Condara representing Fort Capital, LLC, while Marco Salazar represents Smart Source Auctions. Their involvement has facilitated the leasing of this newly renovated unit, which is part of Fort's premier Clear Lake campus that caters to growing businesses in the area.

Players

Walter Menuet
12 deals
BROKER

Benjamin (Ben) Condara
Colliers
2 deals(832) 407-8711
BROKER

Details

LEASED
IMAGE: Walter Menuet, Benjamin Condara & Marco Salazar DATE: 04/21/2025 ADDRESS: 905 Gemini Street MARKET: Houston, Texas ASSET TYPE: Industrial ~ SF: 15,007 LANDLORD: Fort Capital, LLC TENANT: Smart Source Auctions LANDLORD'S REP: Walter Menuet & Benjamin Condara - Colliers (@ColliersInternational) TENANT'S REP: Marco Salazar - Rifle CRE LEASE TYPE: NNN Lease NOTE FROM LANDLORD: A newly renovated unit at Gemini Business Park has been leased near NASA's Johnson Space Center. Gemini Business Park, situated in the heart of Houston’s aerospace and medical sectors in Clear Lake, provides excellent access to major highways and shipping routes and now offers tenants the opportunity to lease brand-new, made-ready units at Fort's premier Clear Lake campus. These updated spaces combine functionality and convenience, serving a diverse range of industrial tenants with flexible layouts, modern finishes, and a strategic location that is ideal for growing businesses.

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Deal Type
Effective Rent (Annual)

$860,192.18

Total Lease Value

$8,601,921.84

Net Landlord Cash Flow$860,192.18