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6245 Rufe Snow Dr, Watauga,...

Elegant Furniture Signs Lease For Retail Space At 6245 Rufe Snow Drive In Watauga
LEASEDRetail

Elegant Furniture Signs Lease For Retail Space At 6245 Rufe Snow Drive In Watauga

6245 Rufe Snow Dr, Watauga, TX 76148, USA

Building Size

11,980 SF

Asset Type

Retail

Closing

Sep 2, 2020

AI

Located at 6245 Rufe Snow Drive in Watauga, this retail property has recently been leased. The transaction was facilitated by Michael Sweet from Weitzman, who represented the tenant Elegant Furniture. On the landlord's side, Re/Max Town & Country served as the representative. The property offers a total of 11,980 square feet of space.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 6245 Rufe Snow Drive
  • Market: Watauga
  • Tenant: Elegant Furniture
  • Tenant's Representative: Michael Sweet - Weitzman
  • Landlord's Representative: Re/Max Town & Country
  • Square Footage: 11,980

The lease agreement for this commercial space represents a successful deal for all parties involved. With the expertise and representation of Michael Sweet from Weitzman for the tenant Elegant Furniture, and the management provided by Re/Max Town & Country as the landlord's representative, the transaction was executed smoothly and efficiently.

Players

Michael Sweet

Weitzman⁠

Broker

1 deal

Broker

Fort Worth 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