Tierra Encantada Signs 14,440 SF Lease At 114 West Gregory Boulevard In Kansas City
114 West Gregory Boulevard
Building Size
14,440 SF
Asset Type
Retail
Closing
Jan 17, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 114 West Gregory Boulevard in Kansas City, MO. The lease covers a total area of 14,440 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 114 West Gregory Boulevard
- Market: Kansas City, MO
- Square Footage: 14,440 SF
- Landlord's Rep: Marshal Blount - Block & Co. Inc. Realtors
- Tenant's Rep: CBRE
Tierra Encantada successfully signed a lease for the retail space, establishing its second location in the Brookside neighborhood of Kansas City. The landlord was represented by Marshal Blount from Block & Co., while the tenant representation was handled by CBRE.
Players
Kansas City Retail Market Snapshot
Boundary boundary · Retail · 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