Streams Of Joy Church Leases Retail Space In Houston At 2703 S Texas 6 From First Priority Funding, LLC
2703 South Highway 6, Houston, Texas 77082, United States
Building Size
24,816 SF
Asset Type
Retail
Closing
Mar 13, 2022
AI
The retail property located at 2703 S Texas 6 in Houston has been leased. The property spans a total area of 24,816 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/14/2022
- Address: 2703 S Texas 6, Houston
- Market: Houston
- Square Footage: 24,816
The landlord for this lease is First Priority Funding, LLC, while the tenant is Streams Of Joy Church. The deal was made possible by the broker, Hunington Properties. The asking rent for the retail space was $0.91 per square foot.
Abdul, the representative from Hunington Properties, played a crucial role in finalizing this lease agreement. Through aggressive market research, Abdul was able to identify the right tenant for this retail space.
Players
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