Source Vital Leases 7,892 SF Retail Space In Houston's Post Oak District
1291 N Post Oak Rd Houston, TX 77055, USA
Building Size
7,892 SF
Asset Type
Retail
Closing
Jun 13, 2023
About this deal
AI
Beauty and cosmetics provider Source Vital has leased a 7,892-square-foot retail space in Houston's Post Oak district. The property, located at 1291 North Post Oak Road, was leased by Source Vital in a deal negotiated by Ryan Hartsell of Oxford Partners representing the tenant and Kyle Whieldon of Prologis representing the landlord. The retail space is owned by Prologis, a real estate investment trust.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 7,892 SF
- Address: 1291 North Post Oak Road, Houston
- Market: Houston
This lease agreement was facilitated by Ryan Hartsell of Oxford Partners, representing Source Vital, and Kyle Whieldon of Prologis, representing the landlord. Source Vital, a beauty and cosmetics provider, will now occupy the retail space in Houston's Post Oak district, expanding its presence in the area.
Players
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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