Niche Importing Group Signs Lease For 12000 Square Feet At 1499 N Post Oak Rd Houston
1499 N Post Oak Rd, Houston, TX, 770...
Building Size
12,000 SF
Asset Type
Retail
Closing
Feb 21, 2017
AI
The property involved in the transaction is located at 1499 N Post Oak Rd, Houston, TX. This asset consists of 12,000 square feet of retail warehouse space situated within the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 12000
- Address: 1499 N Post Oak Rd, Houston, TX
- Market: Houston
- Tenant: Niche Importing Group
- Landlord: NPO 1495
- Tenant's Representative: David Munson
- Landlord's Representative: Shaffer Braun
NAI Partners' Shaffer Braun represented the landlord, NPO 1495, in the lease renewal. Boyd Commercial's David Munson played a role as the representative of the tenant, Niche Importing Group, in this transaction.
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