Lefty's Cheesesteaks Leases 1,777 SF Retail Space At 1000 Federal Road, Houston With Joaquin Orozco & Eric Broussard As Tenant's Rep And Michael Moulton As Landlord's Rep
1000 Federal Rd, Houston, TX 77015, USA
Building Size
17,770 SF
Asset Type
Retail
Closing
Sep 15, 1920
AI
The retail property located at 1000 Federal Road in Houston has undergone a lease transaction. The asset spans a total area of 1,777 square feet. Lefty’s Cheesesteaks has become the new tenant of this space.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 9/16/20
- Address: 1000 Federal Road
- Market: Houston
- Tenant: Lefty’s Cheesesteaks
- Square Footage: 1,777
The tenant, Lefty's Cheesesteaks, was represented by Joaquin Orozco and Eric Broussard from RESOLUT RE. On the other hand, Michael Moulton from Weingarten Realty acted as the landlord's representative in this leasing deal.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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