Industrial & Logistics

Iron Mountain Bissonnet

3502 Bissonnet St Houston, Texas United States 77005-2118
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY 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.

Attributes

Building Area Net
Occupancy 100.0 %
Call for Offers 2022-04-21

Asset Description

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. 

Investment Highlights

·    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

Last Updated Date: 10 May 2022

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Last Updated Date: 10 May 2022

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