Eye Boutique LLC Leases 1,634 SF Retail Space At 4015 Washington Avenue In Houston
4015 Washington Ave, Houston, TX 77007, USA
Building Size
16,340 SF
Asset Type
Retail
Closing
Aug 17, 2020
About this deal
AI
The retail property located at 4015 Washington Avenue in Houston has been leased by Eye Boutique LLC. The property spans 1,634 square feet and is owned by DZ Washington LLC. Mike Ashmore from Engel & Volkers represented the tenant, while Ramsey Strickland and Ashley Strickland from NewQuest Properties represented the landlord in the transaction.
Summary of transaction details
- Property Type: Retail
- Tenant: Eye Boutique LLC
- Landlord: DZ Washington LLC
- Address: 4015 Washington Avenue
- Market: Houston
- Square Footage: 1,634
Eye Boutique LLC has secured a lease for the retail space located at 4015 Washington Avenue in Houston. The transaction was facilitated by Mike Ashmore of Engel & Volkers, who represented the tenant. On the landlord's side, Ramsey Strickland and Ashley Strickland from NewQuest Properties acted as representatives. The deal marks an agreement between the tenant and the landlord for the leased retail property.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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