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3478 Discovery Creek, Sprin...

Updated Oct 29, 2024

Sherwin Williams Leases 4,000 SF Retail Space In Spring
LEASEDRetail

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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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

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