Thomas Company is pleased to announce the recent sale of a Research & Development/ Manufacturing facility leased to Merit Medical Systems, Inc. in Pearland, TX. The property totaled approximately 95,500 SF and closed as an off-market transaction. The buyer was attracted to the asset due to the long lease term in place, strong credit profile of the tenant, and appealing Texas location.
Key Highlights
- Long-Term Passive Ownership
- Annual Rent Increases
- Houston MSA
- Mission-Critical Facility