CIM Group Secures Long-Term Lease With Homesense At Northwoods Shopping Center
US Highway 281 North & North Loop 1604 East
Building Size
60,512 SF
Asset Type
Retail
Closing
Jun 7, 2024
AI
The Northwoods Shopping Center at US Highway 281 North & North Loop 1604 East in San Antonio, boasting a sizable space of 30,256 square feet, has secured a long-term lease with Homesense, a retail concept from the parent company of HomeGoods, under the ownership of Shaul Kuba from CIM Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: US Highway 281 North & North Loop 1604 East
- Market: San Antonio
- Landlord: Shaul Kuba - CIM Group
- Tenant: Homesense
- Broker: Jeff Townsend - Rise Commercial Partners
Jeff Townsend from Rise Commercial Partners acted as the broker in facilitating the lease between CIM Group and Homesense at the Northwoods Shopping Center, a prime location offering a diverse mix of shops, eateries, and entertainment options for the surrounding community.
Players
San Antonio 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