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
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