EōS Fitness Inks 41K SF Lease In Houston's Easton Commons Plaza Represented By NewQuest Properties
8470 North Highway 6
Building Size
41,013 SF
Asset Type
Retail
Closing
Aug 15, 2024
AI
The property asset involved in this transaction is a retail space located at 8470-8592 North Highway 6, Houston. The total square footage is 41,013. The landlord of the property is Easton Houston LLC, and the lease has been signed by EōS Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 8470-8592 North Highway 6
- Market: Houston
- Asset Size: 41,013 SF
- Landlord: Easton Houston LLC
- Tenant: EōS Fitness
- Landlord's Representative: Charles Blaschke & Kathy King - Edge Realty Partners
- Tenant's Representative: David Meyers, Kevin Sims & Shireen Owlia - NewQuest Properties
The leasing deal was notably facilitated by the representatives from both parties. The landlord was represented by Charles Blaschke and Kathy King of Edge Realty Partners, while the tenant was represented by David Meyers, Kevin Sims, and Shireen Owlia of NewQuest Properties. This collaboration has led to EōS Fitness securing a substantial lease in Houston's Easton Commons Plaza.
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