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115 West 19th Street, Houst...

Bluestone Lane Leases Retail Space In Houston's Market With Landlord Wolf Capital Partners
LEASEDRetail

Bluestone Lane Leases Retail Space In Houston's Market With Landlord Wolf Capital Partners

115 West 19th Street, Houston, TX, USA

Building Size

4,400 SF

Asset Type

Retail

Closing

Nov 5, 2021

AI

Bluestone Lane has recently leased a retail space located at 115 West 19th St in Houston. The property spans 4,400 square feet and is owned by Wolf Capital Partners. The lease transaction was finalized on November 5th, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 115 West 19th St
  • Market: Houston
  • Square Footage: 4,400 SF

Bluestone Lane, represented by Nick Stone, has become the tenant for this retail space. The tenant's representatives in the deal were Daniel Bodner from Alvarez & Marsal Property Solutions, and Chris Reyes and Tyler Trevino from Shop Companies.

Players

Daniel Bodner

Broker

2 deals

Broker
WP
Wolf Capital PartnersLandlord

Nick Stone

Bluestone Lane

Tenant

$4.1M

vol

3 deals

Tenant

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