facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

School

/

Lease

/

9929 S Post Oak BLVD, Fresn...

Mark Raines And Matt Parsons Of JLL Lease School At 9929 S Post Oak BLVD, Fresno
LEASEDSchool

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

Matt Parsons

JLL

Broker

4 deals

Broker
FCA
FCALandlord

Fresno School Market Snapshot

Boundary boundary · School · Lease transactions

Loading comparables…

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