LEASEDOffice
Dutch Bros Leases Retail Property At 2412 Texas Avenue S In College Station With Brokers RESOLUT RE And Oldham Goodwin
2412 Texas Ave S, College Station, TX 77840, USA
Building Size
291,850 SF
Asset Type
Office
Closing
Aug 31, 2020
AI
A retail property located at 2412 Texas Avenue S in College Station has been leased. The tenant, Dutch Bros, will occupy the space, which spans 29,185 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Dutch Bros
- Square Footage: 29,185
The deal was facilitated by Dave Burggraaf from RESOLUT RE and Jeremy Richmond from Oldham Goodwin.
Players
DB
Dutch BrosTenant
College Station Office Market Snapshot
Boundary boundary · Office · 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