Nexgen-2430 Farrell Road

2430 Farrell Road | Houston
Type: Retail, Industrial
Status: Sold
Property Details

NewQuest Properties is pleased to present the disposition of the fee simple interest of Nexgen Industrial Facility located just off I-45 and Beltway 8 in Houston, Texas. The property is strategically located off the Hardy Toll Road with a design that caters to meet the needs of Nexgen’s family of clients. The surrounding market has seen exceptional growth over the last ten years with a current population of 212,000 residents within 5 miles of the subject property, a 2% population increase from 2010.

The ±75,000-SF facility was recently constructed in 2017, expanded in 2021, and features a new corporately guaranteed 10-year absolute NNN lease with 2% annual rent increases and 2, five-year option periods. Nexgen has a family of customers who rely on this location to support the needs of their business. The strategically built property caters to the needs of the clients and future business expansion