Crescendo Real Estate Leases Retail Property To Activate Games In Southlake
2707 East Southlake Boulevard & 2727 E Southlake Blvd
Building Size
10,268 SF
Asset Type
Retail
Closing
Mar 26, 2024
About this deal
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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2707-2727 E Southlake Blvd
- Market: Southlake
- Square Footage: 10,268
- Landlord: Crescendo Real Estate
- Tenant: Activate Games
- Brokers: Bryn Carden & Emilie Paulson - Weitzman; Christopher Bass & Amy MacLaren - CBRE
- Lease Type: NNN Lease
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.
On the Map
Retail
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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