Blue Lion Salon Studios Leases 11000 SF Space At 1001 Bay Area BLVD, Webster, TX
1001 Bay Area BLVD, Webster, TX, 77...
Building Size
11,000 SF
Asset Type
Other
Closing
Jun 13, 2017
AI
The property involved in the lease transaction is located at 1001 Bay Area Blvd in Webster, TX. The asset type is classified as Other, with a total square footage of 11,000 square feet. The landlord of this retail space is Weingarten Realty Investors.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: Not provided
- Tenant: Blue Lion Salon Studios
- Market: Webster
- Tenant's Rep: Mark Raines(JLL), Matt Parsons(JLL)
- Landlord: Weingarten Realty Investors
- Square Feet: 11000
Blue Lion Salon Studios, represented by Mark Raines and Matt Parsons from JLL, leased 11,000 square feet at Baybrook Gateway in Webster. The landlord, Weingarten Realty Investors, was represented by Brody Farris in-house for this retail lease.
Players
Webster Other Market Snapshot
Boundary boundary · Other · 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