facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Retail

/

Lease

/

2625 Tx-35 Bus, Alvin, TX, ...

Matt Parsons Of JLL Represents Tenant In Retail Lease Deal In Alvin
LEASEDRetail

Matt Parsons Of JLL Represents Tenant In Retail Lease Deal In Alvin

2625 Tx-35 Bus, Alvin, TX, 77511

Building Size

25,000 SF

Asset Type

Retail

Closing

Apr 25, 2017

AI

The property asset involved in this transaction is a retail space located at 2625 Tx-35 Bus, Alvin, TX, 77511, with a total area of 25,000 square feet. The market for this asset is Alvin, and it was leased by the landlord, FCA.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2625 Tx-35 Bus, Alvin, TX, 77511
  • Square Feet: 25000
  • Landlord: FCA
  • Tenant's Representative: Matt Parsons - JLL

The deal is part of a broader strategy by Dirt Cheap, which has retained JLL for multiple location rollouts throughout the greater Houston area. Besides this transaction, Dirt Cheap also signed new retail leases for locations including 24,000 square feet at Fairmont-Preston Plaza in Pasadena and 27,000 square feet at Westfield Shopping Center in Spring, with Matt Parsons, Mark Raines, and Chris Burns leading the JLL team in this initiative.

Players

Matt Parsons

JLL

Broker

4 deals

Broker
FCA
FCALandlord

Alvin 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