Industrial & Logistics

Iron Mountain Chimney Rock

5707 Chimney Rock Rd Houston, Texas United States 77081-2712
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1960
Building Area Net
Occupancy 100.0 %
Call for Offers

Property description

JLL, as exclusive advisor, is pleased to offer for sale the Iron Mountain Chimney Rock Sale-Leaseback (“the Property”), a 31,159 square foot industrial facility owned and operated by Iron Mountain (“IRM”) for the last 20+ years with 5.5 years of lease term remaining. Due to long-term business planning and consolidation opportunities within the Houston market, Iron Mountain will exit the Property by December 2027 and execute an absolute triple-net lease with 2.50% annual rent escalations until that date. This short term sale-leaseback opportunity offers investors durable cash flow and significant returns through asset repositioning. 


Investment highlights

·    Strategic Infill Location In Dense Population Center

·    Unmatched Accessibility

·    Functional Real Estate With Significant Tenant Tenure

·    Industry-Leading & Recession Proof Tenancy

·    Investment In One Of The Country's Hottest Industrial Markets

·    Houston: Nation Leading Growth

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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