EcoThrift Leases 29,250 SF Retail In Houston's Willowbrook Plaza
17355 Tomball Parkway
Building Size
29,250 SF
Asset Type
Retail
Closing
May 13, 2024
AI
The retail property located at 17355 Tomball Parkway in Houston's Willowbrook Plaza spans a total of 29,250 square feet. The transaction involved EcoThrift leasing the space from landlords Mishorim 255 LLC and Mishorim Gold Houston LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Mishorim 255 LLC; Mishorim Gold Houston LLC
- Tenant: EcoThrift
- Landlord's Representatives: Bruce Wallace, Cole Rainer, Radkey Jolink - Jolink Wallace Commercial
- Tenant's Representatives: Austen Baldridge & Bob Conwell - NewQuest Properties
The deal was facilitated by NewQuest Properties' Austen Baldridge and Bob Conwell, who represented the tenant, EcoThrift, while the landlord was represented by Jolink Wallace Commercial's Radkey Jolink, Bruce Wallace, and Cole Rainer.
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