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
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