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SEC 45th Street And Bull Cr...

Milestone Community Builders & Castletop Capital Lease Retail Space To LOVE Cycling Studio, Mirror Mirror & Halina Spa In Austin
LEASEDRetail

Milestone Community Builders & Castletop Capital Lease Retail Space To LOVE Cycling Studio, Mirror Mirror & Halina Spa In Austin

SEC 45th Street And Bull Creek Road, Austin, TX 78731

Building Size

Asset Type

Retail

Closing

Apr 4, 2022

AI

A retail property located at the SEC 45th Street & Bull Creek in Austin has been leased. The lease transaction took place on April 5, 2022. The property is leased by MileStone Community Builders and Castletop Capital, and the tenants include LOVE Cycling Studio, Mirror Mirror, and HALINA Spa.

Summary of transation details:

  • Property Type: Retail
  • Date: April 5, 2022
  • Location: SEC 45th Street & Bull Creek, Austin

The landlord's representatives involved in the deal are Matt Epple, Britt Morrison, and Brett Maze from Weitzman. The tenant's representative is Bryan McMurrey from CBRE.

Players

Matt Epple

Weitzman⁠

Broker

1 deal

Broker
CBRE
CBREBrokerage

Austin 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