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1250 Eldridge Parkway

Updated Oct 29, 2024

LEASEDRetail

Century Texas Leases Retail Space To The Flaming Fish On Eldridge Parkway In Houston

1250 Eldridge Parkway

$30

$30/SF

Building Size

3 SF

Asset Type

Retail

Closing

Mar 15, 2023

About this deal

AI

The retail property located at 1250 Eldridge Parkway in Houston has recently been leased. The asset, measuring 3,050 square feet, was leased by The Flaming Fish. The landlord for this transaction is Century Texas, while the tenant was represented by Victoria Luo of Nan & Company Properties. The lease term is set at 5 years, with an asking rent of $30 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 1250 Eldridge Parkway
  • Market: Houston
  • Tenant: The Flaming Fish
  • Landlord: Century Texas
  • Broker: Victoria Luo - Nan & Company Properties
  • Asking Rent: $30/ft
  • Lease Term: 5 Years

Victoria Luo from Nan & Company Properties played an integral role as the representative for The Flaming Fish in this lease deal.

Players

Victoria Luo

Nan & Company Properties

Broker

$5.7M

vol

7 deals

Broker
CT
Century TexasLandlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $30 per square foot on a published $30 for 3 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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