LEASEDRetail
Social Project Dallas Leases 7,000 SF Retail Space In Richardson
1425 E Belt Line Rd, Richardson, TX 75081, USA
Building Size
70,000 SF
Asset Type
Retail
Closing
Aug 23, 2020
AI
The retail property located at 1425 E. Beltline Road in Richardson has been leased. The property spans approximately 7,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/24/2020
- Address: 1425 E. Beltline Road
- Market: Richardson
- Asset Type: Retail
The tenant for this lease is Social Project Dallas. Maury Levy from CBRE represented the tenant in this deal, while John Hiller and Eric Deuillet from Structure Commercial represented the landlord.
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