VIO Med Spa Leases 1,584 SF Retail Space In Richardson From Regency Centers
1405 East Renner Road, Richardson, TX, USA
Building Size
1,584 SF
Asset Type
Retail
Closing
Aug 26, 2020
About this deal
AI
The lease transaction at 1405 E. Renner Road in Richardson has been completed. The property is a retail asset with a total area of 1,584 square feet. The deal was finalized on August 27, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/27/2020
- Address: 1405 E. Renner Road
- Market: Richardson
- Square Footage: 1,584
VIO Med Spa has become the tenant for the property. Chris Flesner from RESOLUT RE represented VIO Med Spa in the deal, while Lauren Heimann from Regency Centers served as the landlord's representative.
On the Map
Retail
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Players
Richardson 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