Mark Raines And Matt Parsons Of JLL Lease School At 9929 S Post Oak BLVD, Fresno
9929 S Post Oak BLVD, Fresno, TX, 77...
Building Size
7,800 SF
Asset Type
School
Closing
Feb 14, 2017
AI
The Emler Swim School signed a lease for a 7,800 square feet space located at 9929 South Post Oak Blvd in Fresno, TX. This space at Meyer Park will be the first Houston-area location as part of the swim school's multiple location roll-out facilitated by JLL. The landlord for this school asset is FCA.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not Applicable
- Tenant's Rep: Mark Raines(JLL), Matt Parsons(JLL)
- Landlord: FCA
- Square Feet: 7800
Mark Raines and Matt Parsons from JLL are leading the team handling Emler Swim School's multiple location roll-out in the greater Houston area. The JLL team recently secured a lease for another Houston-area location at Clear Lake Marketplace, with this space spanning 5,500 square feet at the corner of Clear Lake City and El Dorado boulevards. This project signifies the expansion of the Dallas-based swim school's presence in the Houston market.
Players
Fresno School Market Snapshot
Boundary boundary · School · 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