PJ's Coffee Leases Retail Space In Northlake At 4901 State Highway 114 With Tenant's Reps, Spencer Bowman - RESOLUT RE And Phillip Maxwell - Glacier Commercial Realty
4901 State Highway 114, Northlake, TX, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Aug 3, 2020
AI
PJ's Coffee has leased a 1,500 square foot retail space located at 4901 State Highway 114 in Northlake. The lease transaction was completed on August 4, 2020. The property is situated in the retail market of Northlake.
Summary of transaction details
- Property Type: Retail
- Tenant: PJ's Coffee
- Tenant's Representative: Spencer Bowman - RESOLUT RE, Phillip Maxwell - Glacier Commercial Realty
- Landlord's Representative: Thomas Glendenning - SHOP Companies
- Address: 4901 State Highway 114
- Square Footage: 1,500 SF
The tenant, PJ's Coffee, was represented by Spencer Bowman from RESOLUT RE and Phillip Maxwell from Glacier Commercial Realty. Thomas Glendenning from SHOP Companies acted as the landlord's representative in the deal.
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