Sherwin Williams Leases 4,000 SF Retail Space In Spring
3478 Discovery Creek, Spring, Tx 77386, Usa
Building Size
4,000 SF
Asset Type
Retail
Closing
Aug 30, 2020
About this deal
AI
Waterman Steele represented the tenant, Sherwin Williams, in a lease transaction for a 4,000 square foot retail space located at 3478 Discovery Creek in Spring. The landlord, B&B North American Investments LLC, was represented by Bob Conwell and Austen Baldridge of NewQuest Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
The lease deal was facilitated by Tami Pearson of Waterman Steele, who represented Sherwin Williams, and Bob Conwell and Austen Baldridge of NewQuest Properties, who represented the landlord, B&B North American Investments LLC.
Players
Spring Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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