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
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