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US Highway 281 North

CIM Group Secures Long-Term Lease With Homesense At Northwoods Shopping Center
LEASEDRetail

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

Jeff Townsend

Rise Commercial Partners

Broker

1 deal

Broker

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