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5200 Bissonnet Street, Bell...

Lankford's Leases Retail Space In Bellaire At 5200 Bissonnet Street With Tenant's Rep Colliers
LEASEDRetail

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

Hannah Tosch

Colliers

Broker

2 deals

Broker

Bellaire 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