Polygon Physical Therapy Leases Retail Space In Houston's Shadowbriar Shopping Center
12303 Westheimer Road
Building Size
2,087 SF
Asset Type
Retail
Closing
Mar 14, 2024
About this deal
AI
The retail property located at 12303 Westheimer Road in Houston, spanning 2,087 square feet, was leased. This space is now home to Polygon Physical Therapy, with Parth Shah as the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 12303 Westheimer Road
- Market: Houston
- Asset Type: Retail
- Square Footage: 2,087
Ashley Casterlin from Davis Commercial facilitated the leasing transaction, representing Parth Shah of Polygon Physical Therapy as the tenant. This lease marked the fifth location for Polygon Physical Therapy in Houston, specifically in the Shadowbriar Shopping Center in West Houston.
On the Map
Retail
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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