CommunityMed Urgent Care Leases 3,150 SF Retail Space In Lantana Town Center, Bartonville
3400 FM407, Bartonville
Building Size
3,150 SF
Asset Type
Retail
Closing
Jun 3, 2020
AI
The lease transaction at Lantana Town Center in Bartonville, within the Lantana market, has been finalized. The retail property located at 3400 FM 407 has been leased.
Summary of transaction details:
- Property Type: Retail
- Address: 3400 FM 407, Bartonville
- Market: Lantana
- Square Footage: 3,150 SF
CommunityMed Urgent Care, represented by Birken Olson, will be the tenant of the retail space at Lantana Town Center. The lease deal was handled by NewQuest Properties, with Josh Friedlander and Kevin Sims, along with Edge Realty Group's Bruce Waxler.
Players
Argyle 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