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4400 Post Oak Parkway

Updated Dec 4, 2024

David Littwitz Represents Mack McDonald In 16,000 SF Retail Lease At 4400 Post Oak Parkway
LEASEDRetail

David Littwitz Represents Mack McDonald In 16,000 SF Retail Lease At 4400 Post Oak Parkway

4400 Post Oak Parkway

Building Size

16,000 SF

Asset Type

Retail

Closing

May 30, 2024

About this deal

AI

The retail property located at 4400 Post Oak Parkway in Houston spans 16,000 square feet. Angelo Bianco from CP Group serves as the landlord, while the tenant is Mack McDonald, who is set to open an upscale dining destination named Mack Allen’s in the space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 4400 Post Oak Parkway, Houston
  • Market: Houston
  • Landlord: Angelo Bianco - CP Group
  • Tenant: Mack McDonald

David Littwitz of Littwitz Restaurant Real Estate represents Mack McDonald in the leasing deal, facilitating the establishment of Mack Allen’s in the revamped 5POP skyscraper near River Oaks. The move underscores the growing interest in updated properties for ground-floor retail and dining establishments, aligning with a trend of investments in capital improvements for such buildings by CP Group and Rialto Capital.

Players

David Littwitz

Littwitz Restaurant Real Estate

Broker

1 deal

Broker

Houston 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

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