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
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