Spec's Leases 30,000 SF Retail Space At Stone Hill Town Center In Pflugerville
Swc Of Sh 130 & Sh 45, Pflugerville, Tx 78660
Building Size
30,000 SF
Asset Type
Retail
Closing
Jul 31, 2023
AI
Spec's, a retail tenant, has recently leased 30,000 square feet of space at Stone Hill Town Center in Pflugerville. The property is located at the SWC State Highway 130 and State Highway 45 intersection. The lease transaction was facilitated by NewQuest Properties, who represented the landlord, while SFP Brokerage LLC acted as the tenant's representative.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: SWC State Highway 130 & State Highway 45, Pflugerville
- Market: Pflugerville
- Size: 30,000 square feet
Josh Friedlander and Kevin Sims, from NewQuest Properties, served as the landlord's representatives in the deal. On the other hand, Dawn Hilty represented the tenant, Spec's, through SFP Brokerage LLC. The arrangement allowed Spec's to secure a significant retail presence in Stone Hill Town Center. The addition of Spec's will contribute to the center's diverse mix of tenants.
Players
Texas 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