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16100 TX-121, Frisco, TX 75...

Updated Oct 29, 2024

Kyodai Sushi & Handroll Leases 2,352 SF Retail Space In Frisco
LEASEDRetail

Kyodai Sushi & Handroll Leases 2,352 SF Retail Space In Frisco

16100 TX-121, Frisco, TX 75035, USA

Building Size

2,352 SF

Asset Type

Retail

Closing

Jul 22, 2020

About this deal

AI

Located at 16100 SH 121 in Frisco, this retail property has recently been leased. The property spans 2,352 square feet, offering ample space for the tenant, Kyodai Sushi & Handroll. Represented by Cameron Mai from Sperry CGA, Kyodai Sushi & Handroll secured this space for their business. The landlord, Standridge Companies, facilitated the lease agreement.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Kyodai Sushi & Handroll
  • Tenant’s Representative: Cameron Mai – Sperry CGA
  • Landlord’s Representative: Standridge Companies
  • Square Footage: 2,352

This lease agreement showcases the collaboration between Kyodai Sushi & Handroll and Standridge Companies. With Cameron Mai representing the tenant and Sperry CGA, the negotiations and terms of the lease were successfully completed. This transaction demonstrates the thriving retail market in Frisco and the increased demand for commercial spaces in the area.

Players

Frisco Retail Market Snapshot

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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

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