Empire Finance Leases Retail Space At 310 Round Grove Road In Lewisville
310 East Round Grove Road, Lewisville, TX, USA
Building Size
13,850 SF
Asset Type
Retail
Closing
Nov 17, 2020
About this deal
AI
The retail property located at 310 Round Grove Road in Lewisville has recently been leased. The transaction took place on November 18, 2020. The property is owned by Lee Tide Investments LLC.
Summary of transaction details:
- Property Type: Retail
- Market: Lewisville
- Tenant: Empire Finance
- Tenant's Representative: Stephen Coffey - Grey Hawk Advisors
- Landlord's Representative: Nick Miller & Dan Looney - Bright Realty
The leasing of the property was facilitated by Stephen Coffey from Grey Hawk Advisors, who represented the tenant, Empire Finance. On the landlord's side, Nick Miller and Dan Looney, both from Bright Realty, acted as the representatives.
On the Map
Retail
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Players
Lewisville 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