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19801 Gulf Freeway

EōS Fitness Leases 53829 SF Retail Space In Webster From Kimco Realty With Representatives From NewQuest Properties
LEASEDRetail

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:

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

Kevin Sims

NewQuest Properties

Broker

14 deals

Broker

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