Property Details
- Location
- Richardson, TX
- SF
- 1,103,018
- Acres
- 66.56
- Coverage
- 38.0%
- Dock Doors
- 110
- Drive-Ins
- 2
- Service Bays
- N/A
- Wash Bay
- No
- Clear Height
- 20-36'
- Trailer Stalls
- 31
- Car Parks
- 2306
Financials
- Occupancy
- 100%
- Total Annual Rent
- $10,999,693
- LP Investor
- H.I.G. Capital
- Co-GP Investor
- Silverpeak
- Rent PSF
- $10
- Rent / Acre / Mo
- $13,772
Rate Benchmarking
Rent PSF
$9.97
-11.90 vs avg
Portfolio avg: $21.88
Rent / Acre / Mo
$13772
+6387.88 vs avg
Portfolio avg: $7384
PSF Percentile
12th
vs. portfolio
Leases (1)
| Tenant | Type | Start | Annual Rent | Escalation | Next Esc. | Expiration | Renewal | |
|---|---|---|---|---|---|---|---|---|
| Celestica (1,016,212 SF), Megmeet (34,827 SF), Envicool (51,979 SF) | NNN | 9/8/2021 (Celestica), 8/1/2024 (Megmeet), 8/26/2025 (Envicool) | $10,999,693 | 2.50% (Celestic-Existing); 4.00% (Celestica Expansion); 8.33% (Envicool - Year 1); 4.25% (Envicool-Thereafter); 4.00% (Megmeet); | 4/1/2027 (Celestica-Existing); TBD (Celestica-Expansion); 8/1/2026 (Megmeet); 9/1/2026 (Envicool); | TBD in 2036 (Celestica), 7/31/2029 (Megmeet), 4/30/2036 (Envicool) | 1 ten-year renewal option (Celestica), 1 five-year renewal option (Megmeet) |
Tenant News
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Celestica (1,016,212 SF), Megmeet (34,827 SF), Envicool (51,979 SF)