Lateral Limits Leases 1,300 SF Retail Space At 5219 Broadway Boulevard, Garland
5219 Broadway Blvd, Garland, TX 75043, USA
Building Size
1,300 SF
Asset Type
Retail
Closing
Jul 28, 2020
About this deal
AI
The retail property located at 5219 Broadway Boulevard in Garland has recently been leased to Lateral Limits. The lease transaction was handled by Jeffrey Lewin and Brian Sladek of RESOLUT RE. The property spans 1,300 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 5219 Broadway Boulevard
- Market: Garland
- Tenant: Lateral Limits
- Brokers: Jeffrey Lewin & Brian Sladek - RESOLUT RE
- Square Footage: 1,300
This lease deal highlights the role of Jeffrey Lewin and Brian Sladek from RESOLUT RE as the brokers representing both parties in the transaction.
On the Map
Retail
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Players
Garland 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