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1331 George Dieter Drive, E...

Hook & Reel Cajun Seafood & Bar Leases Retail Space In El Paso At 1331 George Dieter Drive With Landlord Shopcore's Rep Evan Ketabchi
LEASEDRetail

Hook & Reel Cajun Seafood & Bar Leases Retail Space In El Paso At 1331 George Dieter Drive With Landlord Shopcore's Rep Evan Ketabchi

1331 George Dieter Drive, El Paso, TX, USA

Building Size

7,000 SF

Asset Type

Retail

Closing

Jan 3, 2021

AI

The leased property involved in this transaction is a retail space located at 1331 George Dieter Drive in El Paso. The space covers a total area of 7,000 square feet. The lease was finalized on 01/04/2021 between the tenant, Hook & Reel Cajun Seafood & Bar, and the landlord, Shopcore.

Summary of transaction details:

  • Property Type: Retail
  • Tenant: Hook & Reel Cajun Seafood & Bar
  • Landlord: Shopcore
  • Tenant's Representative: Peter de Wetter - RJL Real Estate Consultants
  • Landlord's Representative: Evan Ketabchi

Peter de Wetter from RJL Real Estate Consultants represented Hook & Reel Cajun Seafood & Bar as their tenant's representative in this lease agreement. Meanwhile, Evan Ketabchi acted as the landlord's representative.

Players

Peter de Wetter

Broker

2 deals

Broker
S
ShopcoreLandlord

El Paso 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