Rich Drengberg Of EōS Fitness Signs Four New Retail Leases Across Texas Totaling 161102 SF
3450 Bainbridge Drive
Building Size
161,102 SF
Asset Type
Retail
Closing
May 5, 2025
AI
The asset involved in this transaction is a retail space totaling 161,102 square feet, located at 3450 Bainbridge Drive, in the northeast corner of East Bailey Boswell Road & Millstone Road, within the southwest quadrant of Altamesa Boulevard & Chisholm Trail Parkway, and also at 11761 Bandera Road. The market for this transaction includes Dallas, Saginaw, Fort Worth, and San Antonio.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 161,102 SF
- Address: 3450 Bainbridge Drive; Northeast corner of East Bailey Boswell Road & Millstone Road; Southwest quadrant of Altamesa Boulevard & Chisholm Trail Parkway; 11761 Bandera Road
- Market: Dallas, Saginaw, Fort Worth & San Antonio
- Tenant: Rich Drengberg - EōS Fitness
- Broker: Segovia Partners
Rich Drengberg, representing EōS Fitness, signed four new leases in Texas, with three locations situated in the Dallas-Fort Worth area and one in San Antonio. These gym locations are expected to open in 2026, with Segovia Partners facilitating the Dallas-Fort Worth deals.
Players
Dallas 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