Skechers USA Inc Leases 8,012 SF Retail Space In Richmond From NewQuest Properties
West Grand Parkway South, Richmond, Texas 77407, United States
Building Size
8,012 SF
Asset Type
Retail
Closing
Apr 25, 2022
About this deal
AI
The retail property leased spans 8,012 square feet and is located at the intersection of W Grand Pky S & W Airport Blvd in Richmond. The leasing transaction involved NewQuest Properties as the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: W Grand Pky S & W Airport Blvd, Richmond
- Landlord: NewQuest Properties - Josh Friedlander & David Meyers
- Tenant: Skechers USA Inc
- Tenant's Representative: Chris Campion - CAC Realty
- Lease Terms: 10-Year
The landlords for this transaction are represented by Josh Friedlander and David Meyers, who are affiliated with NewQuest Properties. The tenant, Skechers USA Inc, is represented by Chris Campion from CAC Realty, indicating collaboration between both parties in this leasing arrangement.
Players
Richmond 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