Applied Optoelectronics (AAOI) entered into three material lease agreements on May 8, 2026, for a total of approximately 736,216 square feet across three industrial buildings in Houston, Texas. The properties are intended for manufacturing, warehouse, and office use and include a collective option to purchase for an aggregate price of $102.25 million.
Key Details
- Properties & Term: The leases cover three buildings with a combined ~736,216 sq. ft. (163,930 sq. ft., 343,332 sq. ft., and 228,954 sq. ft.) and each has an initial term of 123 months.
- Purchase Option: AAOI has an option to purchase all three properties for an aggregate price of $102,250,000, requiring earnest money of $1,758,750.
- Financial Terms: Combined initial monthly base rent, commencing in the fourth month after a three-month abatement period, is approximately $464,125. The company is also responsible for its proportionate share of operating costs, taxes, and insurance.