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
About this deal
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