Restore Hyper Wellness & Cryotherapy Leases 2,331 SF Retail Space In Houston
2715 Bissonnet St
Building Size
2,331 SF
Asset Type
Retail
Closing
Sep 7, 2020
About this deal
AI
Located at 2715 Bissonnet Street in Houston, this retail property has recently been leased. The transaction took place on 09/08/2020.
Summary of transaction details
- Property Type: Retail
- Tenant: Restore Hyper Wellness & Cryotherapy
- Landlord: 2715 Bissonnet LLC
- Tenant's Representative: Nick Ramsey - NewQuest Properties
- Landlord's Representative: David Ferguson - BPI Realty
- Square Footage: 2,331
- Market: Houston
Nick Ramsey from NewQuest Properties represented the tenant, Restore Hyper Wellness & Cryotherapy, in this lease deal. On the other side, David Ferguson from BPI Realty acted as the landlord's representative. Both parties successfully negotiated the terms and finalized the lease agreement.
On the Map
Retail
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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