Deugro Signs 164640 SF Industrial Lease At 2828 FM 1405 In Baytown With Partners Real Estate
Fm 1405
Building Size
164,640 SF
Asset Type
Industrial
Closing
Feb 6, 2025
AI
The property asset involved in this transaction is an industrial building located at 2828 FM 1405 in the Baytown market. It spans 164,640 square feet and is situated on a 47-acre site within the Cedar Port Industrial Park. This cross-dock facility features 214 doors and offers 1,000 trailer positions.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2828 FM 1405
- Market: Baytown
- Landlord: Howard Wedren - Dayton Street Partners
- Tenant: Klaus Strahmann - Deugro
- Brokers: Chris Haro, Zane Carman & Gray Gilbert - Partners Real Estate
Partners Real Estate facilitated the lease transaction for Deugro, securing a significant space in the Baytown area. The deal underscores the involvement of key industry professionals, such as Howard Wedren representing the landlord and Klaus Strahmann representing the tenant.
Players
Dayton 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