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
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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