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500 N Coit Rd, Richardson, ...

Rockler Retail Group & Vladimir Grebennikov Lease Retail Space At 500 North Coit Road In Richardson With Hartman Income REIT As Landlord And Broker Kat Morrison
LEASEDRetail

Rockler Retail Group & Vladimir Grebennikov Lease Retail Space At 500 North Coit Road In Richardson With Hartman Income REIT As Landlord And Broker Kat Morrison

500 N Coit Rd, Richardson, TX 75080, USA

Building Size

113,900 SF

Asset Type

Retail

Closing

Aug 12, 2020

AI

Hartman Income REIT has completed a lease transaction for a retail asset located at 500 North Coit Road in Richardson. The property, spanning 11,390 square feet, was leased to Rockler Retail Group and Vladimir Grebennikov. The transaction was facilitated by broker Kat Morrison.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Tenant: Rockler Retail Group & Vladimir Grebennikov
  • Landlord: Hartman Income REIT
  • Broker: Kat Morrison
  • Address: 500 North Coit Road
  • Market: Richardson

This lease deal, sealed between Hartman Income REIT and Rockler Retail Group & Vladimir Grebennikov, highlights the successful collaboration between the landlord and tenants. With the expertise and guidance of broker Kat Morrison, the transaction was executed smoothly. The retail property, situated at 500 North Coit Road in Richardson, offers an ample space of 11,390 square feet, catering to the needs of the tenants.

Players

HR
Hartman Income REITLandlord

Richardson 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