T&J Realty Holdings Sells 35,000 Square Foot Retail Building Leased To Urban Air In Hudson Oaks
2010 Cinema Drive
Building Size
35,000 SF
Asset Type
Retail
Closing
Feb 17, 2025
About this deal
AI
A retail property located at 2010 Cinema Drive, spanning 35,000 square feet on a 3.6-acre lot, was sold. The asset is currently leased to Urban Air Adventure Park and is situated in the Hudson Oaks market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Seller: T&J Realty Holdings
- Brokers: Alex Sacks, Brett Rodgers & Frank Roti - Marcus & Millichap
The transaction involved brokers from Marcus & Millichap who facilitated the sale. Alex Sacks, Brett Rodgers, and Frank Roti represented the seller, T&J Realty Holdings, during the process.
Players
Hudson Oaks Retail Market Snapshot
Boundary boundary · Retail · Sale 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