FedEx Office Leases Retail Space On 10550 Westheimer Rd, Houston, TX
LEASED
Texas
See Similar DealsRetail3,800 SF
LEASED
FedEx Office Leases Retail Space On 10550 Westheimer Rd, Houston, TX
10550 Westheimer Rd, Houston, TX, 7...
See Similar DealsRetail3,800 SF
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3800 SF
Transaction Type:Lease
The retail property located at 10550 Westheimer Road in Houston, Texas, spanning 3,800 square feet, has been leased to FedEx Office for a duration of 10 years. Lunden McGill of Baker Katz facilitated the lease agreement on behalf of the tenant, while Chace Henke of Edge Capital Markets represented the owner in the negotiations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: FedEx Office
- Tenant's Rep: Lunden McGill (Baker Katz)
- Landlord: Not disclosed
- Square Feet: 3,800
In a separate deal in Pasadena, approximately 15 miles southeast of Houston, another lease was secured for FedEx Office by Lunden McGill. This lease spans 1,800 square feet for a period of five years and is located at 3425 Spencer Highway. Representing the building owner in this transaction was Brian Ellisor of Red Oak Commercial. FedEx Office, known for providing shipping, printing, copying, and binding services, finds a new outlet in both Houston and Pasadena.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$217,813.71
Total Lease Value
$2,178,137.07
Net Landlord Cash Flow$217,813.71
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