Midwest Retail Properties Signs 10-Year Lease For 18,000 SF Retail Space In Pleasanton
1715 West Oaklawn Road, Pleasanton, TX, USA
Building Size
18,000 SF
Asset Type
Retail
Closing
Dec 10, 2020
About this deal
AI
A retail property located at 1715 W. Oaklawn Street in Pleasanton has been leased. The lease transaction was completed on 12/11/2020. The property, spanning 18,000 square feet, is owned by Burkes Outlet and the tenant is Midwest Retail Properties. The lease agreement is for a period of 10 years.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 12/11/2020
- Address: 1715 W. Oaklawn Street
- Market: Pleasanton
- Square Footage: 18,000
- Tenant: Midwest Retail Properties
- Landlord: Burkes Outlet
- Note: 10-year lease
The lease of the retail property at 1715 W. Oaklawn Street in Pleasanton was facilitated by Joe McClary & Jordan Breck. Joe McClary & Jordan Breck represent Midwest Retail Properties as their brokers.
Players
Pleasanton 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