Updated Dec 4, 2024
Just Play Sports Renews Lease For Recreational Facility In Houston
10510 Westview Drive
Building Size
17,056 SF
Asset Type
Commercial
Closing
Mar 28, 2024
About this deal
AI
The lease transaction involved a 17,056-square-foot commercial property located at 10510 Westview Drive in Houston. The property serves as a recreational facility and was renewed by Just Play Sports.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 10510 Westview Drive
- Market: Houston
- Landlord: JL Landco LLC
- Tenant: Just Play Sports
Greg Barra of Boyd Commercial acted as the Landlord's Representative in the deal, while Jason Whittington from Partners Real Estate represented Just Play Sports as the Tenant's Representative.
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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