Highrise Tower Posted March 21, 2021 Share Posted March 21, 2021 Velvet Taco at 2626 West Loop South is for sale. https://www.loopnet.com/Listing/2626-West-Loop-South-Houston-TX/22478900/ 1 Quote Link to comment Share on other sites More sharing options...
gene Posted March 22, 2021 Share Posted March 22, 2021 Now what?!?! I am confused by this? haha! Does that mean they want to sell the building for the same use or a possible new use? is this a common thing if just selling the place as it to stay a Velvet Taco? (or are those pink columns the downfall after all ;) haha) 1 Quote Link to comment Share on other sites More sharing options...
august948 Posted March 23, 2021 Share Posted March 23, 2021 10 hours ago, gene said: Now what?!?! I am confused by this? haha! Does that mean they want to sell the building for the same use or a possible new use? is this a common thing if just selling the place as it to stay a Velvet Taco? (or are those pink columns the downfall after all ;) haha) I'm no expert on commercial real estate but the way I read it is that velvet taco has a 15 year lease with option to extend twice for 5 years each for a possible 25 years total. The owner has now packaged that and is trying to sell it as an investment. I don't think this indicates any change for us, the taco-hungry public. If anything, the pink and green is front and center in the sales brochure. 1 2 Quote Link to comment Share on other sites More sharing options...
gene Posted March 23, 2021 Share Posted March 23, 2021 (edited) thanks so much for the clarification @august948! you and tacos are awesome 🌮 (but not those columns 🤮haha!) Edited March 23, 2021 by gene 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.