LEASEDRetail
Brook Furniture Leases Retail Space At 14900 Hempstead Highway In Houston With Landlord's Rep Brian Gammill & Darryl Noon And Tenant's Rep Ed Frantz - Transwestern & CBRE
14900 Hempstead Highway, Houston, TX, USA
Building Size
43,050 SF
Asset Type
Retail
Closing
Sep 19, 2021
AI
The retail property located at 14900 Hempstead Highway in Houston has been leased. The property spans an area of 43,050 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 09/19/2021
- Address: 14900 Hempstead Highway
- Market: Houston
- Square Footage: 43,050
The tenant for this lease is Brook Furniture. Representing the landlord in this transaction are Brian Gammill and Darryl Noon from Transwestern. Ed Frantz from CBRE acted as the tenant's representative.
Players
Houston 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