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1214 Westheimer Rd, Houston...

Voodoo Doughnut Leases 3,000 SF Retail Space On Westheimer Road - Grant Walker, Brad Kilbride, And Wade Green
LEASEDRetail

Voodoo Doughnut Leases 3,000 SF Retail Space On Westheimer Road - Grant Walker, Brad Kilbride, And Wade Green

1214 Westheimer Rd, Houston, TX 77006, USA

Building Size

30,000 SF

Asset Type

Retail

Closing

Jun 16, 2020

AI

The retail property located at 1214 Westheimer Road in Houston has recently been leased. The lease transaction took place on June 17, 2020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 1214 Westheimer Road, Houston
  • Market: Houston
  • Asset Type: Retail

The tenant for the leased property is Voodoo Doughnut, represented by Chris Schultz. The lease was facilitated by Grant Walker and Brad Kilbride from Lee & Associates, along with Wade Green from Transwestern. The total area of the leased space is 3,000 square feet.

Players

Grant Walker

Lee & Associates

Broker

1 deal

Broker

Chris Schultz

Tenant

2 deals

Tenant

Houston 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