Lee & Associates Houston Negotiates 21,000-SF Industrial Lease At 2751 Aaron Street In Deer Park, Houston
2751 Aaron Street
Building Size
21,000 SF
Asset Type
Industrial
Closing
Nov 15, 2023
AI
A 21,000-square-foot industrial lease has been negotiated at 2751 Aaron St. in Deer Park, Houston. This property features 5,700 square feet of office space and is situated on a 10.3-acre lot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 2751 Aaron Street
- Market: Deer Park
- Square Footage: 21,000
Lee & Associates Houston, represented by brokers Josh Carl and Trey Erwin, facilitated this lease transaction. The tenant and landlord involved in this deal have not been disclosed.
Players
Deer Park 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