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
Fort Worth 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