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
Market 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93