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320 E Main St, Crowley, TX,...

Redline Athletics Leases 21000 Square Feet At 320 E Main St Crowley Texas
LEASEDRetail

Redline Athletics Leases 21000 Square Feet At 320 E Main St Crowley Texas

320 E Main St, Crowley, TX, 76036

Building Size

21,000 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

A 21,000-square-foot retail lease has been executed at 320 E. Main St., located in Crowley, Texas, which is a southern suburb of Fort Worth. The property is set within the Crowley market, providing a spacious location for various business activities.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: Not disclosed
  • Address: 320 E Main St, Crowley, TX, 76036
  • Market: Crowley
  • Square Feet: 21,000
  • Tenant: Redline Athletics
  • Landlord: Unknown
  • Landlord's Representative: Jon McDaniel-NAI Robert Lynn
  • Tenant's Representative: Chris Flesner-RESOLUT RE

The lease was facilitated by Chris Flesner, who represented Redline Athletics during the negotiations, ensuring the tenant secured this space effectively. Jon McDaniel served as the representative for the undisclosed landlord, managing the landlord's interests in the transaction.

Players

Jon McDaniel

NAI Global

Broker

1 deal

Broker

Crowley 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