Lankford's Leases Retail Space In Bellaire At 5200 Bissonnet Street With Tenant's Rep Colliers
5200 Bissonnet Street, Bellaire, Texas 77401, United States
Building Size
3,200 SF
Asset Type
Retail
Closing
Apr 21, 2022
AI
The property involved in this closed transaction is a retail asset located at 5200 Bissonnet Street in Bellaire. The property spans approximately 3,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 5200 Bissonnet Street
- Market: Bellaire
- Square Footage: 3,200
The landlord in this transaction is Sion & Michael Saghian, and the tenant is Lankford's, represented by Paul Prior. Waterman Steele represented the landlord, with Emily Durham & Megan Lahti serving as their representatives. The tenant was represented by Hannah Tosch & Wade Greene from Colliers.
Players
Bellaire Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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