Amigos Supermercado Leases 9,445 SF Retail Space At 1200 W. Howard Lane In Austin
1200 W Howard Ln, Austin, TX 78753, USA
Building Size
94,450 SF
Asset Type
Retail
Closing
Aug 19, 2020
AI
The retail property located at 1200 W. Howard Lane in Austin has recently been leased. The property spans a total of 9,445 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Amigos Supermercado
- Address: 1200 W. Howard Lane
- Market: Austin
- Square Footage: 9,445
The landlord's representatives, Joey Mendez and Michael Noteboom from RESOLUT RE, successfully negotiated the lease agreement. The tenant's representative, Scott Nicholson from Discovery Realty Group, worked on behalf of Amigos Supermercado during the transaction.
Players
Austin 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