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2304 Reed Road

OKT Lighting USA Leases 43760 Square Feet At 2304 Reed Road In Houston Industrial Market
LEASEDIndustrial

OKT Lighting USA Leases 43760 Square Feet At 2304 Reed Road In Houston Industrial Market

2304 Reed Road

Building Size

43,760 SF

Asset Type

Industrial

Closing

Nov 25, 2024

AI

The property asset involved in the transaction is an industrial space located at 2304 Reed Road, Houston. It encompasses a total area of 43,760 square feet suitable for LED lighting operations.

Summary of transaction details:

This lease has enabled OKT Lighting USA to establish its operations within a significant industrial space in South Houston. The transaction was facilitated by Stream Realty Partners representing the tenant, while Cushman & Wakefield acted on behalf of the landlord, Hines.

Players

Tyler Maner

Stream Realty Partners⁠

Broker

12 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