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2751 Aaron Street

Lee & Associates Houston Negotiates 21,000-SF Industrial Lease At 2751 Aaron Street In Deer Park, Houston
LEASEDIndustrial

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

CE Erwin III

Lee & Associates

Broker

9 deals

Broker

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