Broker/Owner

Chelsea Mandel, Founder and Managing Director of Ascension Advisory, guides the firm’s strategic direction and platform growth, positioning Ascension as a leading advisor in both sale-leaseback and M&A services for business owners, private equity groups, and other financial sponsors.

This offering presents a prime sale-leaseback investment opportunity featuring an industrial outdoor storage property located in Odessa, Texas.

5b.png

5a.png

5.png

6c.png

6b.png

6.png

6a.png

Brian Brockman

Broker of Record

Chelsea Mandel

Managing Director

Doug Carey

Head of Underwriting

Site Amenities

Facility Features

922-hill-flyer.pdf

Strategically located in Houston, Texas, a major industrial market supported by a deep labor pool, extensive transportation infrastructure, and a diverse base of manufacturing, logistics, energy, construction, and industrial service users. The site benefits from proximity to key regional demand drivers, including Downtown Houston (approximately 15 minutes), major highways, George Bush Intercontinental Airport, and the Port of Houston.

page2_img3.jpeg

page2_img5.jpeg

page2_img6.jpeg

page4_img4.jpeg

page10_img2.jpeg

page10_img3.jpeg

page10_img4.jpeg

page11_img2.jpeg

page11_img3.jpeg

page11_img5.jpeg

page12_img2.jpeg

page12_img4.jpeg

page12_img5.jpeg

page12_img6.jpeg

page14_img3.jpeg

page17_img5.jpeg

Met Company Inc. industrial manufacturing and warehouse facility in Houston, Texas, offered at $3,000,000 at an 8.62% cap rate on a 15+ year absolute triple-net lease. The single-tenant asset is secured by Met Company Inc. with a corporate guarantee, generating $258,642 in annual rent ($9.00 per SF) with 3% annual escalations and four 5-year renewal options. The landlord bears zero responsibilities, including roof and structure maintenance, making this a fully passive investment.

Built in 2007, the 28,738 SF facility sits on 4.06 acres of industrial-zoned land and serves as Met Company's headquarters and primary manufacturing site. The tenant has operated at this location since 2007 and was founded in 1995, demonstrating 19 years of operational continuity. Met Company specializes in metal fabrication, custom manufacturing, laser cutting, precision-cut products, painting, sandblasting, and industrial services, serving commercial contractors, engineering and construction, petrochemical, oil and gas, industrial, government/municipal, and residential end markets. The company employs 15 people and fabricates in aluminum, cast iron, copper, exotic alloys, galvanized steel, and stainless steel.

The property is strategically positioned in Houston's vibrant industrial market, approximately 15 minutes from Downtown Houston with direct access to major highways, George Bush Intercontinental Airport, and the Port of Houston. The Houston MSA industrial sector encompasses 871 million SF of total inventory with $2.2 billion in 12-month sales volume and a projected 2026 GDP of $98.7 billion. The surrounding trade area supports a population of 1.1 million within 10 miles and 2.4 million within 15 miles, with average household incomes of $98,922 (10-mile radius) and $113,627 (15-mile radius).

Highlights:
• 15+ year absolute triple-net lease with zero landlord responsibilities, including roof and structure
• 3% annual rent increases with four 5-year renewal options
• Mission-critical tenant facility with 19-year operating history at the site and corporate guarantee
• Houston industrial market anchor with proximity to Downtown, major highways, airport, and port
• Diversified tenant capabilities across metal fabrication, modular construction, laser cutting, and industrial services
• Passive, fully-managed investment generating $258,642 annual rent ($9.00/SF)

b0582872b2c6b34e878bcbed2e2c2f2b4a5a411cbab31e6e79ae42d046cd032b

flyer.pdf

Portfolio comprises two strategically located industrial distribution facilities in Shreveport, Louisiana and Colcord, Oklahoma. Shreveport campus is centrally located within the primary industrial corridor with immediate access to I-20, I-49, and I-220, enabling efficient coverage of the Ark-La-Tex region. Colcord facility is positioned along Highway 412 near the Arkansas state line, providing direct access to the concentrated poultry production region in Northwest Arkansas.

4.png

page3_img16.jpeg

page6_img9.jpeg

page10_img16.jpeg

page11_img10.jpeg

page11_img18.jpeg

page11_img19.jpeg

page11_img28.jpeg

page11_img33.jpeg

page11_img34.jpeg

page12_img16.jpeg

page12_img17.jpeg

page12_img25.jpeg

page12_img26.jpeg

page12_img33.jpeg

page12_img34.jpeg

page14_img10.jpeg

page14_img17.jpeg

page14_img23.jpeg

page14_img29.jpeg

page14_img30.jpeg

page16_img9.jpeg

page3_img9.jpeg

page18_img19.jpeg

page18_img12.jpeg

4a.png

Portfolio sale-leaseback of two industrial distribution facilities leased to Tri-State Industrial Supply Company, a regional MRO distributor founded in 1999. The portfolio comprises a 26,430 SF headquarters and primary distribution campus in Shreveport, Louisiana and a 4,500 SF regional hub in Colcord, Oklahoma, totaling 30,930 SF across 3.67 acres. Offered on a 15-year absolute triple-net lease at $304,800 annual rent ($9.85 NNN per SF) with 3% annual escalations, four 5-year renewal options, and zero landlord responsibilities. Price available upon request.

Tri-State Industrial Supply operates as a highly fragmented, non-discretionary MRO distributor serving 180+ customers across the Southern United States with a catalog of 24,000+ SKUs. The company operates two primary business lines: poultry-focused master distribution and an industrial division with vendor-managed inventory capabilities. The portfolio has received over $450,000 in building improvements and supports mission-critical last-mile delivery and same-day/next-day fulfillment operations.

The Shreveport campus serves as the company's corporate headquarters and operational hub, centrally positioned within the primary industrial corridor with immediate access to I-20, I-49, and I-220. Built in 1980 and renovated in 2022, the 2.67-acre site generates $264,300 annual rent ($10.00 NNN per SF). The Colcord facility, built in 2006, functions as the regional distribution hub for the Northwest Arkansas poultry corridor, strategically located along Highway 412 near the Arkansas state line with direct access to major integrators and end-users. This 1-acre site generates $40,500 annual rent ($9.00 NNN per SF).

Shreveport anchors the Ark-La-Tex region with a 400,000-person MSA and $2 billion industrial GDP. The market benefits from major employers including Amazon, UPS, AT&T, General Electric, and SLB, with emerging data center growth (Amazon $12B investment, SLB $30M expansion). The region maintains 40.4 million SF of industrial inventory with 725,000 SF of net absorption over the past 12 months. Colcord taps into Northwest Arkansas, one of the fastest-growing U.S. regions anchored by Walmart and Tyson Foods, with strong demand driven by poultry industry expansion and sustained population growth.

Highlights:
• 15-year absolute triple-net lease with zero landlord responsibilities; tenant bears all building, maintenance, insurance, taxes, and operating expenses
• 3% annual rent escalations with four 5-year renewal options extending potential income to 35 years
• Tri-State Industrial Supply guarantees the lease; established distributor with 25+ years of operations, 180+ customers, and 24,000+ SKUs
• Mission-critical distribution platform supporting last-mile delivery and same-day/next-day fulfillment across Ark-La-Tex and Northwest Arkansas
• Dual-market exposure: Shreveport data center growth corridor (Amazon $12B, SLB $30M) and Northwest Arkansas poultry production hub (Walmart, Tyson Foods)
• Over $450,000 in recent building improvements and equipment investments across portfolio

3e414906a8d6984f6529b2917c221861e6504fc169bf6a6a1e56f869941afb80

Nina Valtchanov

Head of Transactions

Spencer Freid

Associate

Building Features

Location Amenities

11339-flyer.pdf

This industrial sale-leaseback opportunity in Houston, Texas, offers investors the chance to acquire a mission-critical industrial asset occupied by Basic Environmental Group, an established general contractor specializing in field services, subcontracted specialty work, and equipment rental solutions. The company maintains long-standing relationships with blue-chip customers, including ExxonMobil, BP, Shell, NASA, CBRE, JLL, and Compass, supported by a zero-accident safety record that has fostered customer retention and access to highly regulated industrial environments.

The subject property serves as the company's sole operating facility and central hub for equipment storage, project staging, crew dispatch, emergency response, and compliant storage of specialized materials and equipment. It also functions as the licensing base for the company's mold, lead, and asbestos contractor credentials, directly supporting its regulatory compliance and ability to secure industrial and refinery projects. The tenant has invested approximately $2.4 million into the property, including extensive exterior renovations, the addition of a roughly 10,000-square-foot climate-controlled warehouse, expanded office space, emergency response facilities, upgraded security systems, and roof improvements designed to enhance functionality and reduce long-term maintenance requirements.

The sale-leaseback transaction is intended to unlock embedded real estate value, allowing Basic Environmental Group to strengthen its balance sheet, retire debt, improve vendor relationships, and provide working capital to support its growing 2026 project pipeline, which is estimated at approximately $10 million. Strategically located in Houston, one of the nation's premier industrial markets, the property benefits from proximity to major highways, Downtown Houston, George Bush Intercontinental Airport, and the Port of Houston, providing excellent access to customers, suppliers, labor, and project sites.

The property consists of a 31,900-square-foot industrial facility situated on approximately 1.79 acres, with a low site coverage ratio of approximately 40.9%, offering excess land for future expansion, outdoor storage, or additional operational capacity. The investment is further enhanced by a new 15-plus-year absolute triple-net (NNN) lease under which the tenant is responsible for all operating expenses, including maintenance, insurance, taxes, and structural obligations. Annual rental increases of 3.0% provide predictable long-term cash flow and built-in inflation protection, making this offering an attractive, low-maintenance industrial investment supported by durable market fundamentals and a mission-critical tenancy.

page2_img4.jpeg

page4_img3.jpeg

page7_img2.jpeg

page9_img2.jpeg

page12_img3.jpeg

page13_img2.jpeg

page13_img3.jpeg

page13_img4.jpeg

page13_img5.jpeg

page14_img2.jpeg

page14_img4.jpeg

page14_img6.jpeg

page14_img7.jpeg

page15_img3.jpeg

page15_img4.jpeg

page15_img5.jpeg

page16_img2.jpeg

page16_img3.jpeg

page17_img2.jpeg

page18_img2.jpeg

page18_img4.jpeg

page18_img5.jpeg

page19_img5.jpeg

page20_img2.jpeg

page20_img3.jpeg

page23_img7.jpeg

page23_img8.jpeg

Industrial sale-leaseback of Basic Environmental Group's 31,900 SF Houston headquarters, offered at $5,316,667 at a 7.80% cap. The tenant is an established environmental services contractor with a zero-accident safety record since 2011, serving blue-chip customers including ExxonMobil, BP, Shell, and NASA. The transaction unlocks embedded equity to support the tenant's $10 million near-term project pipeline while providing investors a passive, long-term income stream.

Built in 2004 and extensively renovated in 2020, the single-story facility sits on 1.79 acres with 18-foot clear height and approximately 40.9% lot coverage, leaving room for future expansion. The tenant has invested roughly $2.4 million in improvements, including a climate-controlled warehouse addition of approximately 10,000 SF, expanded office space, on-site shower facilities, security systems, and roof coatings. The property serves as the tenant's sole Houston operating hub and licensing base for its Mold, Lead, and Asbestos Contractor credentials, making it mission-critical to the business.

The lease is a 15-plus-year absolute triple-net agreement with four 5-year renewal options and 3.00% annual rent increases, starting at $414,700 annually ($13.00 per SF). The tenant bears all operating expenses, maintenance, insurance, taxes, and structural obligations, leaving the landlord with zero responsibilities. Located on Neeshaw Drive near major highways, the property is approximately 15 minutes from Downtown Houston and benefits from proximity to George Bush Intercontinental Airport and the Port of Houston. The surrounding market encompasses 1.09 million residents within 10 miles, with average household income of $111,773. Houston's industrial sector spans 871 million SF with $2.2 billion in annual sales volume, supported by energy, manufacturing, logistics, and technology sectors.

Highlights:
• 15-plus-year absolute triple-net lease with zero landlord responsibilities
• Tenant's sole operating facility with $2.4 million in recent capital improvements
• Established tenant with zero-accident safety record and blue-chip customer base (ExxonMobil, BP, Shell, NASA)
• 3.00% annual rent escalations providing inflation protection
• Low 40.9% lot coverage with expansion potential on 1.79-acre site
• Mission-critical facility supporting specialized environmental contracting and equipment rental operations

37d29bcee42ce0f02c1de57b5e5e0af439687772a2b8499f360292444dd0485c

Unit Amenities

67-faulkner-flyer.pdf

Located in North Billerica within the Greater Boston industrial market, approximately 30 minutes from downtown Boston. The facility benefits from access to the region's deep labor pool, advanced manufacturing ecosystem, research institutions, and East Coast customer base. Proximate to Logan International Airport and the Port of Boston.

page1_img2.jpeg

page5_img2.jpeg

page5_img3.jpeg

page8_img2.jpeg

page8_img3.jpeg

page8_img4.jpeg

page8_img5.jpeg

page9_img3.jpeg

page9_img4.jpeg

page9_img5.jpeg

page10_img5.jpeg

page15_img6.jpeg

Specialized aerospace and defense manufacturing facility in North Billerica, Massachusetts, offered as a sale-leaseback with an 8.50% cap rate on a 20+ year absolute triple-net lease. Xiphias Cambridge, the tenant, is an established die casting and machining platform with 70+ years of operational history, 163 employees, and long-tenured customer relationships across aerospace, defense, medical, and industrial end markets. The lease begins at $1,226,511 annually ($4.50 per SF) with 3% annual escalations and zero landlord responsibilities.

The 272,558 SF facility sits on 11.9 acres in North Billerica, approximately 30 minutes from downtown Boston, within the Greater Boston industrial market valued at $76.8 billion. The property was constructed between 1880 and 1930 and includes 50 parking spaces. Xiphias Cambridge operates vertically integrated capabilities spanning aluminum and zinc die casting, CNC machining, assembly, painting, finishing, and quality validation. The tenant holds AS9100D, ISO 9001:2015, NADCAP Chemical Processing, and ITAR certifications, positioning the facility to serve highly regulated aerospace and defense programs. The business maintains sole-source and approved-vendor relationships with customers spanning 20 to 30+ years, creating high switching costs and program continuity.

The Greater Boston region offers deep manufacturing labor pools, proximity to MIT, Harvard, and world-class research institutions, and strategic access to Logan International Airport and the Port of Boston. Within a 15-mile radius, the trade area encompasses 1.16 million residents with an average household income of $162,680. The asking rent of $4.50 per SF is significantly below the Greater Boston market average of over $17 per SF. The lease includes four 5-year renewal options and is backed by MiddleGround Capital, an operationally focused private equity sponsor with deep manufacturing expertise.

Highlights:
• 20+ year absolute triple-net lease with zero landlord responsibilities for taxes, insurance, maintenance, roof, and structure
• 3% annual rent escalations with four 5-year renewal options providing long-term income stability
• Tenant with 70+ years operational history, 163 employees, and 218 active SKUs serving mission-critical aerospace and defense programs
• AS9100D, ISO 9001:2015, NADCAP, and ITAR certifications supporting highly regulated end markets
• Rent significantly below market: $4.50 PSF versus Greater Boston average of $17+ PSF
• Strategic location near Boston innovation corridor with access to skilled manufacturing workforce and major transportation hubs

de407fe3c6d8d033d3d46b0f7e35b8636a58d1fb38060ea59e0b6e1df129c560

Ascension

Commercial Brokers

Active Listings

Ascension - Commercial Real Estate Brokerage

Ascension

Commercial Brokers

Active Listings