PropertyMay 13, 2026, 04:14 PM
Applied Optoelectronics Leases 3 Houston Industrial Buildings
AI Summary
Applied Optoelectronics, Inc. entered into three separate lease agreements for industrial buildings in Houston, Texas, totaling approximately 736,216 rentable square feet. These leases, intended for manufacturing, warehouse, and office use, have an initial term of 123 months and include a three-month rent abatement period. The agreements also grant the company an option to purchase all three properties for an aggregate price of $102.25 million.
Key Highlights
- Entered into three lease agreements for industrial buildings in Houston, Texas, totaling approximately 736,216 rentable square feet.
- Each lease has an initial term of 123 full calendar months.
- The company is entitled to an initial rent abatement period during the first three months.
- The leases include an option to purchase all three buildings for an aggregate price of $102,250,000.
- Building 1 (163,930 sq ft) has an initial monthly basic rent of $104,915.20 (plus $6,680.00 for Reserve Tract 4).
- Building 2 (343,332 sq ft) has an initial monthly basic rent of $205,999.20.
- Building 3 (228,954 sq ft) has an initial monthly basic rent of $146,530.56.