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
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