McKinley Cuts Leases 528 SF Space At Mixed-Use Property In Houston
2646 S Loop W, Houston, TX 77054, USA
Building Size
528 SF
Asset Type
Mixed-use
Closing
Aug 3, 2020
About this deal
AI
The mixed-use property located at 2646 South Loop West in Houston has recently been leased. The lease transaction was facilitated by Myra Vorrice from RESOLUT RE. McKinley Cuts has become the tenant of the property, occupying a space of 528 square feet.
Summary of transaction details
- Property Type: Mixed-Use
- Tenant: McKinley Cuts
- Broker: Myra Vorrice – RESOLUT RE
- Address: 2646 South Loop West
- Market: Houston
- Square footage: 528
The lease of the property at 2646 South Loop West was successfully facilitated by Myra Vorrice from RESOLUT RE. McKinley Cuts has secured the space, contributing to the property's mixed-use nature.
Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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