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8470 North Highway 6

EōS Fitness Inks 41K SF Lease In Houston's Easton Commons Plaza Represented By NewQuest Properties
LEASEDRetail

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:

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

Kevin Sims

NewQuest Properties

Broker

14 deals

Broker

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