Global Insurance Brokerage Signs Lease For 13,000 SF Office Space At 601 N Mesa Street In Downtown El Paso With Landlord HUB International And Brokers Will Brown & Adin Brown Sonny Brown Associates
601 N Mesa St, El Paso, TX 79901, USA
Building Size
130,000 SF
Asset Type
Office
Closing
Jun 16, 2020
About this deal
AI
The office property located at 601 N Mesa Street in Downtown El Paso has recently been leased. The transaction took place on June 17, 2020. The asset spans a total area of 13,000 square feet.
Summary of transaction details
- Property Type: Office
- Tenant: Brian Frasca from Global Insurance Brokerage
- Landlord: Don Margo from HUB International
- Brokers: Will Brown and Adin Brown from Sonny Brown Associates
- Address: 601 N Mesa Street, El Paso
- Market: Downtown El Paso
Brian Frasca, representing Global Insurance Brokerage, has secured the lease for this property. The landlord, Don Margo from HUB International, facilitated the transaction. Will Brown and Adin Brown from Sonny Brown Associates served as the brokers for both parties involved.
On the Map
Office
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Players
El Paso 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