Farmers Insurance Leases Retail Space In Marble Falls, Texas
809 12th St, Marble Falls, TX 78654, USA
Building Size
689 SF
Asset Type
Retail
Closing
Sep 15, 2020
About this deal
AI
809 12th Street in Marble Falls has been leased to Farmers Insurance. The property is a retail space with a total area of 689 square feet. The lease transaction was facilitated by Michael Noteboom and Jacob Nagy of RESOLUT RE.
Summary of transaction details
- Property Type: Retail
- Tenant: Farmers Insurance
- Address: 809 12th Street
- Market: Marble Falls
- Square footage: 689
- Broker: Michael Noteboom & Jacob Nagy - RESOLUT RE
Michael Noteboom and Jacob Nagy from RESOLUT RE represented the tenant, Farmers Insurance, in this leasing transaction.
On the Map
Retail
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Players
Marble Falls 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