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Property Details
Sold | 23,657 SF Flex Building
Midstream Business Park is a fully leased deed-restricted business park that offers an ideal location in Mont Belvieu’s petrochemical corridor. The property sits about 400 feet from the entrance ramp of the Grand Parkway extension that is now under construction.
100% occupied investment opportunity
Tenants reimburse 3% management fee (not included in asking NOI)
54 months - weighted average remaining lease term
Strong credit tenant mix - all corporate leases
Best positioned asset to take advantage of Midstream expansions
Roughly 50% leased to investment grade credit tenants
New construction limiting CAP EX needs
100% of tenant mix on NNN lease structure
- Property TypeIndustrial
- Total Acres0.54
- Property ID2122408
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