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Swc Of Sh 130 & Sh 45, Pflu...

Spec's Leases 30,000 SF Retail Space At Stone Hill Town Center In Pflugerville
LEASEDRetail

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

Josh Friedlander

NewQuest Properties

Broker

4 deals

Broker

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