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I-10 & Hwy 146, Baytown, TX...

Gong Cha Leases 2,100 SF Retail Space In Chambers Town Center, Baytown
LEASEDRetail

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

Bob Conwell

NewQuest Properties

Broker

11 deals

Broker
GC
Gong ChaTenant

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