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NWC & SWC of I-69/US 59 & F...

NewQuest Properties Represents Landlord And Tenant In Lease Of Retail Space In Rosenberg
LEASEDRetail

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

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.

Players

Bob Conwell

NewQuest Properties

Broker

11 deals

Broker

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