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|Building Area Net||
|Call for Offers||2022-04-21|
JLL, as exclusive advisor, is pleased to offer for sale the Iron Mountain Bissonnet Sale-Leaseback, a 27,900 square foot industrial facility (the “Property”) owned and operated by Iron Mountain (“IRM”) for the last 30+ years. Due to long-term business planning and consolidation opportunities within the Houston market, Iron Mountain will exit the Property by September 2024 and execute an absolute triple-net lease with 2.50% annual rent escalations until that date. This short-term sale-leaseback opportunity offers investors the opportunity to redevelop on 1.6 acres of land adjacent to some of Houston’s wealthiest zip codes.
The Property’s central, urban infill location in the Houston MSA provides unmatched regional connectivity to the city’s primary thoroughfares with four major highways located less than 10 miles from the facility. Iron Mountain Bissonnet provides qualified investors the unique opportunity to acquire desirable, urban infill real estate at a highly attractive basis.
· Strategic Location In Dense Population Center
· Urban Infill Location With Future Redevelopment Potential
· 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