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5264 West 34th Street, Hous...

U.S. Hispanic Ventures, Inc. Leases Retail Space At 5264 W. 34th Street, Houston
LEASEDRetail

U.S. Hispanic Ventures, Inc. Leases Retail Space At 5264 W. 34th Street, Houston

5264 West 34th Street, Houston, Texas 77092, United States

Building Size

1,400 SF

Asset Type

Retail

Closing

Mar 23, 2022

AI

The retail property located at 5264 W. 34th Street in Houston has recently been leased. The lease transaction took place on March 24, 2022. The property has a total area of 1,400 square feet. The lease was between the landlord, SSS Northbrook Center LLC, and the tenant, U.S. Hispanic Ventures, Inc. The landlord's representative in the deal was Jason Gaines from NAI Partners, while the tenant was represented by Braxton Brokenbrough.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 5264 W. 34th Street, Houston
  • Market: Houston
  • Asset Type: Retail
  • Square Footage: 1,400

The lease transaction between SSS Northbrook Center LLC and U.S. Hispanic Ventures, Inc. was facilitated by the representatives of both parties, Jason Gaines from NAI Partners and Braxton Brokenbrough, respectively.

Players

Jason Gaines

Sturbridge Commercial Real Estate

Broker

8 deals

Broker
NAI Global
NAI GlobalBrokerage

Houston 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