LEASEDRetail
Black Rock Coffee Bar Signs Lease For Retail Space At 4030 Spencer Hwy In Pasadena, TX
4030 Spencer Highway, Pasadena, Texas 77504, United States
Building Size
4,400 SF
Asset Type
Retail
Closing
Apr 17, 2022
AI
Black Rock Coffee Bar has leased a retail property located at 4030 Spencer Hwy in Pasadena, TX. The lease transaction took place on April 18, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Date: April 18, 2022
- Address: 4030 Spencer Hwy, Pasadena, TX
- Market: Pasadena, TX
- Tenant: Black Rock Coffee Bar
- Landlord's Representative: Black Rock Coffee Bar
- Tenant's Representative: Matt Parsons - JLL
Matt Parsons, representing JLL, acted as the tenant's representative in this lease deal.
Players
Pasadena 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