Burlington Leases Retail Space In San Angelo At 4238 Sunset Drive
4238 Sunset Drive, San Angelo, TX, USA
Building Size
45,000 SF
Asset Type
Retail
Closing
Dec 9, 2020
About this deal
AI
The retail property located at 4238 Sunset Drive in San Angelo has recently been leased to Burlington. The lease was finalized on December 10, 2020. The property is owned by N3 Real Estate, represented by Brenna Wadleigh. The lease agreement was facilitated by Brenna Wadleigh as well.
Summary of transaction details
- Property Type: Retail
- Transaction Date: December 10, 2020
- Address: 4238 Sunset Drive
- Market: San Angelo
- Tenant: Burlington
- Landlord: N3 Real Estate
- Landlord's Representative: Brenna Wadleigh
The lease agreement between Burlington and the property's landlord, N3 Real Estate, was successfully negotiated by Brenna Wadleigh. This lease transaction marks a new addition to the retail market in San Angelo.
Players
San Angelo 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