Lefty's Famous Cheesesteaks And Hoagies & Grill Leases Retail Space In Houston
8057 Kirby Dr, Houston, TX 77054, USA
Building Size
29,920 SF
Asset Type
Retail
Closing
Sep 13, 2020
AI
An retail property located at 8057 Kirby Drive in Houston has been leased. The property spans 2,992 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Lefty’s Famous Cheesesteaks and Hoagies & Grill
- Tenant's Representative: Joaquin Orozco & Eric Broussard – RESOLUT RE
- Landlord's Representative: Christi Davis – Weingarten Realty
The lease transaction was completed on September 14, 2020. Lefty’s Famous Cheesesteaks and Hoagies & Grill will be occupying the space.
Joaquin Orozco and Eric Broussard from RESOLUT RE represented the tenant in the deal, while Christi Davis from Weingarten Realty acted as the landlord's representative.
Players
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