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1113 Kingwood Dr, Humble, T...

Wells Fargo Bank Leases Retail Space In Kingwood, TX For 2710 Sq Ft
LEASEDRetail

Wells Fargo Bank Leases Retail Space In Kingwood, TX For 2710 Sq Ft

1113 Kingwood Dr, Humble, TX, 77339

Building Size

2,710 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The retail property located at 1113 Kingwood Dr, Humble, TX, 77339 in the Kingwood market, known as the Shoppes at Kingsgate, spans 2,710 square feet. The lease transaction involved Wells Fargo Bank as the tenant, with the landlord being represented by Laura Diggs and Shaffer Braun of NAI Capital. Rod Scarborough of Rod Scarborough Properties acted as the tenant's representative.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: Wells Fargo Bank
  • Tenant's Rep: Rod Scarborough (Rod Scarborough Properties)
  • Landlord's Rep: Laura Diggs (NAI Capital), Shaffer Braun (NAI Capital)

NAI Partners facilitated a retail lease deal for Wells Fargo Bank at the Shoppes at Kingsgate in Houston, Texas. Laura Diggs and Shaffer Braun from NAI Capital acted as the landlord's representatives in the transaction, while Rod Scarborough of Rod Scarborough Properties represented the tenant, Wells Fargo Bank.

Players

Shaffer Braun

NAI Global

Broker

5 deals

Broker
Wells Fargo
Wells FargoTenant

Kingwood Retail Market Snapshot

Boundary boundary · Retail · 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