Used Bikes Direct Leases 22,630 SF Industrial Building In Houston
16445 North Freeway
Building Size
22,630 SF
Asset Type
Industrial
Closing
Jan 10, 2024
AI
Used Bikes Direct has leased a 22,630 sq ft building at 16445 North Freeway in Houston. This lease marks the company's entry into the Houston market and adds to its existing three stores. The property is located in the North Freeway/Tomball Parkway's industrial submarket and offers high visibility along Interstate 45.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 22,630 sq ft
- Address: 16445 North Freeway, Houston
- Market: Houston
- Tenant: Used Bikes Direct
- Brokers: Christopher Klein & Judy Beebe - Colliers International
The leasing deal was facilitated by Christopher Klein and Judy Beebe from Colliers International. Used Bikes Direct, a rapidly growing powersports dealership specializing in quality pre-owned motorcycles, strategically chose this location for its fourth store due to its prime location and visibility.
Players
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