Industrial & Logistics

Iron Mountain Royalton

5757 Royalton St Houston, Texas United States 77081-2916
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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

Year Built 1981
Building Area Net
Occupancy 100.0 %
Call for Offers

Asset Description

JLL, as exclusive advisor, is pleased to offer for sale the Iron Mountain Royalton Sale-Leaseback (“the Property”), a 51,797 square foot industrial facility owned and operated by Iron Mountain (“IRM”) for the last 20+ years with 8.5 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 2030 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: 10 May 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 10 May 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.