Triten Acquires Industrial Property In Channelview From Alpha & Omega Equipment

The industrial outdoor storage property at 15221 Market St. in Channelview, Texas, was sold through a sale-leaseback arrangement. The property spans 56,248 square feet and sits on a 4.81-acre lot. The transaction, facilitated by Matthews Real Estate Investment Services, led to Triten acquiring the property from Alpha & Omega Equipment. The deal included a 30-day due diligence period, a five-day close, and a closing price within 5% of the asking price.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Triten
• Seller: Jackie Johnson - Alpha & Omega Equipment
• Brokers: Andrew Wiesemann & Murphy Sloan - Matthews Real Estate Investment Services

Matthews associates Murphy Sloan and Andrew Wiesemann represented the seller in the transaction, securing favorable terms for Alpha & Omega Equipment. Triten, a national IOS investment fund, plans to maintain the property post-acquisition, with negotiations underway for a seven-year lease that includes two five-year renewal options.