Beauty Empire Signs Lease For 14,471-Square-Foot Retail Space At Barker Cypress Marketplace In Houston
6960 Barker Cypress Rd Houston, TX 77084, USA
Building Size
14,471 SF
Asset Type
Retail
Closing
Jun 2, 2023
AI
Beauty Empire has signed a lease for a 14,471-square-foot retail space at Barker Cypress Marketplace in West Houston. The retail space is located at 6960 Barker Cypress Road. The former CVS location will now be occupied by Beauty Empire, filling the vacancy in the area.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Square Footage: 14,471
- Address: 6960 Barker Cypress Road
- Market: Houston
The landlord of the property was represented by Jason Gaines from Sturbridge Commercial Real Estate. Okyi Urbina-Torres of W. Realty & Investment Group represented Beauty Empire as their tenant representative in the lease deal.
Players
Texas 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