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
About this deal
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.
On the Map
Retail
View full map
Players
Austin Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas retail leases on Traded.
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