Smoothies & Coffee Leases 2,000 SF Retail Space At 2281 E. University Dr. In Prosper
2281 E University Dr, Prosper, TX 75078, USA
Building Size
18,700 SF
Asset Type
Retail
Closing
Aug 19, 2020
About this deal
AI
An approximately 2,000 square foot retail property located at 2281 E. University Drive in Prosper has been leased. The transaction took place on August 20, 2020. The property is situated in the market of Prosper.
Summary of transaction details
- Property Type: Retail
- Tenant: Smoothies & Coffee
- Landlord's Representative: Brian Sladek & Chris Flesner - RESOLUT RE
- Tenant's Representative: Jerrod Simmons - Biel Partners
Smoothies & Coffee will be occupying the approximately 2,000 square foot retail space at 2281 E. University Drive in Prosper. The landlord's representatives in this lease transaction were Brian Sladek and Chris Flesner from RESOLUT RE. Jerrod Simmons, from Biel Partners, represented the tenant in this deal.
On the Map
Retail
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Players
McKinney 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