Gong Cha Leases 2,100 SF Retail Space In Chambers Town Center, Baytown
I-10 & Hwy 146, Baytown, TX 77523
Building Size
2,100 SF
Asset Type
Retail
Closing
Aug 28, 2023
AI
Gong Cha, a retail tenant, has leased 2,100 square feet of retail space in Chambers Town Center in Baytown, Texas. The property, located at the southeast corner of I-10 and Hwy 146, offers a prime location for retail businesses. NewQuest Properties, a brokerage firm, represented the landlord in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: SEC of I-10 & Hwy 146
- Market: Baytown
- Square Footage: 2,100
The lease deal for Gong Cha's retail space in Chambers Town Center was facilitated by Bob Conwell and Austen Baldridge of NewQuest Properties. As representatives of the landlord, Conwell and Baldridge successfully negotiated the lease agreement with Gong Cha, allowing the tenant to establish a presence in this bustling retail center.
Players
Baytown 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