facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

2300 East Freeway

MMM Enterprises Leases 88732 Square Feet At Port 10 Logistics Center In Baytown Texas
LEASEDIndustrial

MMM Enterprises Leases 88732 Square Feet At Port 10 Logistics Center In Baytown Texas

2300 East Freeway

Building Size

88,732 SF

Asset Type

Industrial

Closing

Jan 23, 2025

AI

The property involved in this transaction is located at 2300 East Freeway, Baytown, Texas. It is an industrial asset encompassing 88,732 square feet and serves as a facility for MMM Enterprises, which specializes in soap and bath products.

Summary of transaction details:

The transaction was facilitated by representatives from both sides. Stream Realty Partners was represented by Tommy Erwin and Tyler Maner, while the landlord, Pontikes Development, had its interests represented by David Holland, Joseph Berwick, Richard Quarles, and Eliza Klein from JLL. This collaboration led to the successful negotiation of the lease agreement.

Players

Tyler Maner

Stream Realty Partners⁠

Broker

12 deals

Broker

Baytown Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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