Elite Pickleball Club's New 40,000 SF Facility At Bay Pointe Shopping Center, Houston
2323 Clear Lake City Boulevard
Building Size
40,000 SF
Asset Type
Retail
Closing
Jun 5, 2024
AI
The property at 2323 Clear Lake City Boulevard in Houston is a 40,000-square-foot retail space located within the Bay Pointe Shopping Center. The facility, originally built in 1993 on nine acres, spans a total of 103,385 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Elite Pickleball Club
- Landlord's Rep: Andy Parrish, Audrey Schulz & Lesley Rice - Partners Real Estate
- Tenant's Rep: Huntley Grichor - Red Key Properties
The lease negotiations for the Elite Pickleball Club's new indoor facility were facilitated by Lesley Rice, Andy Parrish, and Audrey Schulz from Partners Real Estate, along with Huntley Grichor from Red Key Houston. Elite Pickleball Club will be occupying a portion of the Bay Pointe Shopping Center as they launch their 40,000-square-foot facility in southeast Houston.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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