Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
View full map
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Houston industrial leases on Traded.
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