LEASEDRetail
Spec's Wine, Spirits & Finer Foods Leases Retail Space At 2525 N. Mesa Street, El Paso
2525 North Mesa Street, El Paso, TX, USA
Building Size
—
Asset Type
Retail
Closing
Nov 1, 2020
About this deal
AI
The retail property located at 2525 N. Mesa Street in El Paso has recently been leased. The transaction took place on 11/02/2020.
Summary of transaction details
- Property Type: Retail
- Tenant: Spec's Wine, Spirits & Finer Foods
- Landlord: CVS
- Brokers: Peter de Wetter & Richard J. Amstater - RJL Real Estate
The leased property, previously owned by CVS, is now occupied by Spec's Wine, Spirits & Finer Foods. The transaction was facilitated by brokers Peter de Wetter and Richard J. Amstater from RJL Real Estate.
On the Map
Retail
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Players
El Paso 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