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2521 Post Oak Boulevard, Ho...

Starbucks Leases Retail Space In Houston At 2521 Post Oak Blvd With Landlord's Rep Kim Lenardson & Hannah Tosch - Colliers And Tenant's Rep Lasater Miller - Retail Connection
LEASEDRetail

Starbucks Leases Retail Space In Houston At 2521 Post Oak Blvd With Landlord's Rep Kim Lenardson & Hannah Tosch - Colliers And Tenant's Rep Lasater Miller - Retail Connection

2521 Post Oak Boulevard, Houston, TX 77056, USA

Building Size

2,100 SF

Asset Type

Retail

Closing

Sep 21, 2021

AI

The leased property at 2521 Post Oak Blvd in Houston has been the subject of a recent transaction. The retail space spans 2,100 square feet and is situated on 0.54 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 09/21/2021
  • Address: 2521 Post Oak Blvd
  • Market: Houston
  • Square Footage: 2,100
  • Acres: 0.54

In this deal, Starbucks has signed a lease agreement for the mentioned retail space. The landlord's representatives, Kim Lenardson and Hannah Tosch from Colliers, facilitated the transaction. Lasater Miller from Retail Connection served as Starbucks' representative.

Players

Kim Lenardson

Colliers

Broker

1 deal

Broker
Starbucks
StarbucksTenant

Houston 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