NewQuest Properties Represents Landlord And Tenant In Lease Of Retail Space In Rosenberg
NWC & SWC of I-69/US 59 & FM 762
Building Size
30,039 SF
Asset Type
Retail
Closing
Jun 26, 2022
About this deal
AI
The retail property located at the NWC & SWC of I-69/US 59 & FM 762 in Rosenberg has recently been leased. The property spans approximately 30,039 square feet and is represented by Bob Conwell & Austen Baldridge of NewQuest Properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 06/27/2022
- Address: NWC & SWC of I-69/US 59 & FM 762
- Market: Rosenberg
- Size: 30,039 square feet
The landlord's representatives for this lease were Bob Conwell & Austen Baldridge from NewQuest Properties. On the other hand, the tenant was represented by Greg Stackhouse from New Regional Planning.
On the Map
Retail
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Lometa 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