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15221 Market Street
SOLD

Triten Acquires Industrial Property In Channelview From Alpha & Omega Equipment

15221 Market Street

Industrial
clock iconSold 59 days ago
Murphy Sloan
Andrew Wiesemann
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Summary

Sale
TEXAS
Industrial

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.

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Murphy Sloan's profile picture
Murphy Sloan
Matthews Real Estate Investment Services-image
Associate

Details

Deal Summary
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SOLD
IMAGE: Jackie Johnson, Andrew Wiesemann & Murphy Sloan DATE: 05/20/2024 ADDRESS: 15221 Market Street MARKET: Channelview ASSET TYPE: Industrial BUYER: Triten SELLER: Jackie Johnson - Alpha & Omega Equipment BROKERS: Andrew Wiesemann & Murphy Sloan - Matthews Real Estate Investment Services (@Matthews_REIS) NOTE: Matthews Real Estate Investment Services facilitated the sale of an industrial outdoor storage property located at 15221 Market St. in Channelview, Texas. The transaction, represented by Matthews associates Murphy Sloan and Andrew Wiesemann, involved Alpha & Omega Equipment selling the property through a sale-leaseback arrangement, featuring 56,248 square feet on a 4.81-acre lot, with Matthews agents securing favorable terms including a 30-day due diligence period, a five-day close, and a closing price within 5% of asking. The property was acquired by Triten, a national IOS investment fund, with plans to maintain the investment following negotiation of a seven-year lease with two five-year options.

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Address15221 Market Street

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