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601 N Mesa St, El Paso, TX ...

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
LEASEDOffice

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

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.

Players

Adin Brown

Broker

1 deal

Broker

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