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2707 East Southlake Boulevard

Crescendo Real Estate Leases Retail Property To Activate Games In Southlake
LEASEDRetail

Crescendo Real Estate Leases Retail Property To Activate Games In Southlake

2707 East Southlake Boulevard & 2727 E Southlake Blvd

Building Size

20,536 SF

Asset Type

Retail

Closing

Mar 26, 2024

AI

The property located at 2707-2727 E Southlake Blvd in Southlake, spanning 10,268 square feet, was subject to a lease transaction. The landlord for this retail asset is Crescendo Real Estate, while the tenant is Activate Games. The lease type for this agreement is an NNN Lease. The deal was facilitated by Bryn Carden and Emilie Paulson from Weitzman, along with Christopher Bass and Amy MacLaren from CBRE.

Summary of transaction details:

The team that orchestrated this lease agreement included Bryn Carden, Emilie Paulson, Christopher Bass, and Amy MacLaren. Bryn Carden and Emilie Paulson represented the landlord, Crescendo Real Estate, while Christopher Bass and Amy MacLaren acted as the tenant's representatives, ensuring a successful deal for both parties involved.

Players

Emilie Paulson

Weitzman⁠

Broker

3 deals

Broker

Southlake 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