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1313 Williams Drive

My Dental Leases 2200 Square Feet Retail Space At Commons At Rivery In Georgetown
LEASEDRetail

My Dental Leases 2200 Square Feet Retail Space At Commons At Rivery In Georgetown

1313 Williams Drive

Building Size

2,200 SF

Asset Type

Retail

Closing

Jul 16, 2024

AI

The property involved in the transaction is a 2,200-square-foot retail space located at 1313 Williams Drive, Georgetown, Texas. This lease agreement pertains to the asset positioned in a market that includes retail opportunities, specifically designed for business activities.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 1313 Williams Drive
  • Market: Georgetown
  • Tenant: My Dental
  • Landlord's Rep: Kevin Murphy - Partners Real Estate
  • Tenant's Rep: Kelly Arnold - CLD Realty
  • Asset Size: 2,200 sq ft

In this transaction, Kevin Murphy represented the landlord, ensuring the interests of the property owner were prioritized during the negotiations. On the other side, tenant representation was provided by Kelly Arnold of CLD Realty, who acted on behalf of My Dental in securing the lease for the retail space.

Players

Kevin Murphy

Partners

Broker

1 deal

Broker

Georgetown 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