Nan & Company Properties Leases Retail Space In Houston's South Shepherd Drive For $30/ft And 10 Years Lease Term
2027 S Shepherd Dr Houston, TX 77019, USA
$30
$30/SF
Building Size
1,732 SF
Asset Type
Retail
Closing
May 16, 2023
About this deal
AI
The retail property located at 2027 South Shepherd Drive in Houston has been leased. The lease term is for 10 years.
Summary of transaction details
- Property Type: Retail
- Lease Term: 10 years
- Asking Rent: $30 per square foot
- Square Footage: 1,732
The lease transaction was facilitated by Victoria Luo from Nan & Company Properties. She represented the landlord in this deal.
The retail lease at 2027 S Shepherd Dr Houston, TX 77019, USA in Texas, Texas leased for $30 in 2023. The building is 1,732 square feet, implying about 30 per square foot on the published price. Victoria Luo, Nan & Company Properties appear on the lease alongside Nan & Company Properties. This page is the Texas, Texas file for the 2027 S Shepherd Dr Houston, TX 77019, USA retail leased: pricing, party profiles, and other closed retail comps from the same Texas sit in the Market section below. Filter that Texas retail set by closing date to see what else leased near 2027 S Shepherd Dr Houston, TX 77019, USA around 2023. Published consideration for 2027 S Shepherd Dr Houston, TX 77019, USA is $30, dated 2023. Cite this Nan & Company Properties Leases Retail Space In Houston's South Shepherd Drive For $30/ft And 10 Years Lease Term lease when underwriting similar retail product around Texas, Texas.
Players
Texas 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93