Listed by B+E
$21,228,000
Mahindra Tractors (AAA Rating) | 26+ AC IOS | Absolute NNN
Details
Property Type Industrial, Land
Sub Type Distribution, Warehouse
Square Footage 37,903
Cap Rate 5%
NOI $1,061,423
Occupancy 100%
Tenancy Single
Brand/Tenant Mahindra
Lease Type Absolute NNN
Lease Term 13.3
Lease Expiration 10/31/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 3; 5-Year
Price per SqFt $560
Buildings 6
Acreage 26.220
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2017
Mahindra | 26+ AC Industrial Outdoor Storage (IOS) | Absolute NNN | Adjacent to North American HQ
Marketing description
Exclusively Listed By:
Chris Guida | Director | 917.451.8294 | cguida@tradenetlease.com
Camille Renshaw | 646.770.0659 | crenshaw@tradenetlease.com
Wayne Bares | TX License #: 617459
Investment highlights
ABSOLUTE NNN LEASE | 3.5% ANNUAL INCREASES
MISSION CRITICAL LOCATION | ADJACENT TO CORPORATE HEADQUARTERS
LOCATED IN SATSUMA STATION INDUSTRIAL PARK
DUAL INCOME SOURCES
MULTIPLE LEASE EXTENSIONS & EXPANSION SPACE
HOUSTON PRIME INDUSTRIAL HUB | STRONG PORTS AND INTERSTATES
INDUSTRIAL OUTDOOR STORAGE (IOS)
MAHINDRA | STRONG INTERNATIONAL PRESENCE
DENSE INDUSTRIAL CORRIDOR
HOUSTON MSA | 5TH LARGEST METRO AREA IN THE U.S.
INCOME TAX-FREE STATE
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,061,423.00
$88,451.92/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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