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1211 Kress Street

Cadeco Industries Leases 258,450 SF Industrial Space At 1211 Kress Street, Houston
LEASEDIndustrial

Cadeco Industries Leases 258,450 SF Industrial Space At 1211 Kress Street, Houston

1211 Kress Street

Building Size

258,450 SF

Asset Type

Industrial

Closing

Feb 16, 2023

AI

The industrial property located at 1211 Kress Street in Houston has recently been leased. The property spans approximately 258,450 square feet and sits on 10.53 acres, making it a valuable asset in the market. The lease transaction was finalized on February 16, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 02/16/2023
  • Address: 1211 Kress Street
  • Market: Houston
  • Square Footage: 258,450
  • Acres: 10.53

The landlord for this lease is Merfish Realty, while Cadeco Industries is the tenant. Beau Kaleel from Cushman & Wakefield represented the landlord, and Zack Taylor from Colliers represented the tenant.

Players

Zack Taylor

Colliers

Broker

13 deals

Broker

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93