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
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.
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