Situated on 8.9 acres at 8708 Technology Forest Place,the single-story building is 100% master leased by anoperating entity and then subleased to severalnational credit rated tenants, including Maersk Inc., asubsidiary of Maersk Sealand of Denmark; Milwaukee-based Rockwell Automation Inc.; Greenville,SC-based Reliance Electric Industrial Co.; andFleetPride Inc., which is headquartered in TheWoodlands.
Hallmark says that the buyer was attracted to the20-year master lease and the non-recourse financingthat was assumable on the six-year-old building, whichis assessed at $5.2 million, according to theMontgomery County Appraisal District.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
