EōS Fitness Leases 53829 SF Retail Space In Webster From Kimco Realty With Representatives From NewQuest Properties
19801 Gulf Freeway
Building Size
53,829 SF
Asset Type
Retail
Closing
Aug 15, 2024
AI
The property involved in this transaction is a retail space encompassing 53,829 square feet located at 19801 Gulf Freeway, in the Webster market. The asset is leased from Kimco Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 19801 Gulf Freeway
- Market: Webster
- Landlord: Kimco Realty
- Tenant: EōS Fitness
- Landlord's Representative: Christi Vinzant - Kimco Realty
- Tenant's Representatives: David Meyers, Kevin Sims & Shireen Owlia - NewQuest Properties
This transaction highlights the roles of various professionals in the lease agreement, with Christi Vinzant representing Kimco Realty as the landlord and David Meyers, Kevin Sims, and Shireen Owlia representing EōS Fitness as the tenant. The lease was finalized for the retail space in the Center at Baybrook.
Players
Webster 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