Houston, TX —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of an industrial outdoor storage (IOS) property, located at 15221 Market St, Channelview, TX. Matthews™ Associate Murphy Sloan and Associate Vice President Andrew Wiesemann represented the seller in the transaction.

 

Alpha & Omega Equipment sold the property through a sale leaseback. The industrial site featured 56,248 square feet on a 4.81-acre lot. Matthews™ agents secured a 30-day due diligence, a five-day close, and a closing price within 5% of asking.

 

“This sale shows the demand for IOS properties in the market today,” Sloan said. “The buyer is one of the top investment companies in IOS across the U.S. and saw this site as a good investment for their portfolio, specifically because they are local to the Houston area.”

 

The property was acquired by Triten, a national IOS investment fund. The company plans to hold the investment after a seven-year lease with two five-year options to follow was negotiated with the seller.

 

“Murphy Sloan and I are excited to announce the successful sale of the Alpha & Omega facility in Channelview,” Wiesemann said. “I would like to thank our client, Alpha & Omega Equipment, for the opportunity to represent them in the sale leaseback of their Channelview facility, as well as Will Hedges and Triten IOS, for working with us and making it a successful transaction.”

 

For more information or to contact a Matthews specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.