Melinda Whittington Leases Retail Space At 4530 S. Hulen St. In Fort Worth
4530 South Hulen Street
Building Size
—
Asset Type
Retail
Closing
Feb 23, 2024
AI
Located at 4530 South Hulen Street in Fort Worth, a 15,633-square-foot retail space has been leased to La-Z-Boy Furniture Galleries. This location was previously occupied by a Bassett Furniture store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenants: Melinda Whittington - La-Z-Boy Furniture Galleries
- Landlord's Rep: Emilie Paulson & Gretchen Miller - Weitzman
- Tenant's Rep: JLL
The lease deal was facilitated by Weitzman, representing the landlord, and JLL, representing La-Z-Boy Furniture Galleries. Melinda Whittington serves as the key individual from the tenant's side, while Emilie Paulson and Gretchen Miller acted as the landlord's representatives.
Players
Fort Worth 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