Fibra Macquarie México, a real estate trust specialized in industrial and commercial real estate, signed a lease agreement for an industrial development of 183 thousand square feet located in Apodaca, within the metropolitan area of Monterrey, Nuevo León.

The project has a total investment amount of 12.7 million dollars and the real estate investment trust estimates that it will start contributing to net operating income (NOI) in the second quarter of 2023.

Check here: Increases during 2022 the interest of Chinese investments in Monterrey

This industrial complex is in its first phase of its development and has just been completed, which has been named MTY042 and will be fully occupied by a manufacturer of components for electric vehicles based in the United States.

Fibra Macquarie México detailed in a statement that the lease is triple net, has a term of 10 years and the rents are denominated in US dollars, its rate of return at the Net Operating Income (NOI) level is 10.4 percent.

“We are pleased to announce the closing of a lease agreement with a manufacturer in the electric vehicle industry, which allows us to continue diversifying our tenant base,” said Fibra Macquarie Mexico CEO Simon Hanna.

The building was constructed in accordance with the LEED v 4.1 Building Design and Construction specifications developed by the U.S. Green Building Council (USGBC): Building Design and Construction Development Structure (Core and Shell Development) and is expected to achieve at least gold level certification.

Of interest: Unstoppable industrial rental prices in Tijuana

Simon Hanna said the Monterrey region remains fundamentally strong, with positive momentum continuing to drive current demand for space, and he was confident that the next phases of this developing industrial park would be well received by prospects interested in establishing or expanding operations in the area.

In Solili you can consult industrial warehouses available in Saltillo and Ciudad Juárez

Original note