Current Tenant & Lease Structure
Suite 102
Tenant – Painted Rock, LLC Doing Business As Swagelok, Corpus Christi
“Swagelok Corpus Christi is a Swagelok Sales and Service Center serving businesses in Central and South Texas with their critical gas and liquid applications. We are more than just a component supplier; we are here to make fluid systems succeed. Our wide array of services such as training, vendor managed inventories, and Custom Solutions fabrication services are here to serve diverse industries and businesses of all sizes.” – Taken from corpus.swagelok.com
Term Remaining – 66 Months, Renewal Term expires on January 31, 2024
Rate – Current Base Rent is $4,208 per month through January 2020 with 3% increases every two years thereafter.
Lease Structure – Lease is structured on a NNN basis; where Landlord is responsible for roof, slab, exterior walls, and structural components of building as well as parking areas and walks. Tenant reimburses Landlord monthly for taxes, insurance and common area maintenance and is responsible for all other maintenance items directly.
Suite 104
Tenant – EagleBurgmann Industries, LP
“In the United States since 1977, EagleBurgmann operates manufacturing, engineering, testing and administrative functions at its Houston headquarters including a dynamic dry gas seal test facility. EagleBurgmann USA employs 300 people in 11 sales and service center locations throughout the country. With a pronounced understanding for quality and service as well as customer orientation, we draw on our knowledge and expertise to provide local support to our customers and solve their problems quickly and efficiently.”– Taken from www.eagleburgmann.us
Term Remaining – 59 Months, Primary Term expires on June 30, 2023
Rate – Current Base Rent is $3,200 per month through August 2020 with increases thereafter.
Lease Structure – Lease is structured on a NNN basis; where Landlord is responsible for roof, slab, exterior walls, and structural components of building as well as parking areas and walks and HVAC replacement. Tenant reimburses Landlord monthly for taxes, insurance and common area maintenance and is responsible for all other maintenance items directly.
Renewal Options - Tenant has an option to renew for 2 additional terms, each for an additional 5 years. Base Monthly Rent will be increased by 10% each term.
