Image Studio Leases Retail Space In Cypress Village Station From NewQuest Properties
25282 Northwest Freeway
Building Size
8,114 SF
Asset Type
Retail
Closing
May 13, 2024
AI
The retail property located at 25282 Northwest Freeway in Cypress, spanning 8,114 square feet, has been leased by Image Studio. The deal was facilitated between the tenant, Image Studio, and the landlord, NewQuest Properties, with respective representatives Kevin Sims and Jeremy Wright of Fischer.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenants: Image Studio
- Landlord's Rep: Kevin Sims - NewQuest Properties
- Tenant's Rep: Jeremy Wright - Fischer
Kevin Sims from NewQuest Properties served as the landlord's representative, ensuring the successful leasing of the retail space to Image Studio. On the other side, Jeremy Wright from Fischer adeptly represented Image Studio throughout the leasing process at Cypress Village Station.
Players
Cypress 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