facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Louisiana

/

Retail

/

Lease

/

15 East Holly Street

MODLOCK Signs 1,680 SF Retail Lease At 15 East Holly Street In Pasadena
LEASEDRetail

MODLOCK Signs 1,680 SF Retail Lease At 15 East Holly Street In Pasadena

15 East Holly Street

Building Size

1,680 SF

Asset Type

Retail

Closing

Sep 19, 2023

AI

A home security company, MODLOCK, has signed a lease for a 1,680-square-foot retail space located at 15 East Holly Street in Pasadena. The property will serve as an experiential showroom for Liberty Safe, Alarm.com, and Google Home products. MODLOCK plans to expand its retail presence in Southern California, prioritizing excellent service support for these units.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available
  • Square Footage: 1,680
  • Address: 15 East Holly Street, Pasadena
  • Market: Pasadena

Frank Renfro, representing MODLOCK, finalized the lease agreement as the tenant. Hoss MacVaugh, from MacVaugh & Company, served as the landlord's representative, facilitating the deal. JLL, represented by Houman Mahboubi and Marisa Renfro, acted as the tenant's representatives in the transaction.

Players

Houman Mahboubi

CBRE

Broker

$408.5M

vol

10 deals

Broker

Kingwood Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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