Marcus & Millichap Capital Corporation Facilitates $5.5M Loan For Retail Property In Rosenberg
1636 Minonite Road, Rosenberg, Texas 77469, United States
$5,530,000
$276/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Jun 20, 2022
About this deal
AI
A retail property located at 1636 Minonite Road in Rosenberg has been involved in a recent transaction. The property spans 20,000 square feet and is situated in the Rosenberg market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,530,000
- Loan Terms: The 10-year loan has an interest-only term of 12 months and an interest rate of 4.5%
Adam Pike of Marcus & Millichap Capital Corporation (MMCC) represented the parties involved in this transaction.
The retail loan at 1636 Minonite Road, Rosenberg, Texas 77469, United States in Richmond, Texas financed for $5.5M in 2022. The building is 20,000 square feet, implying about 276 per square foot on the published price. Adam Pike, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the Richmond, Texas file for the 1636 Minonite Road, Rosenberg, Texas 77469, United States retail financed: pricing, party profiles, and other closed retail comps from the same Richmond sit in the Market section below. Filter that Richmond retail set by closing date to see what else financed near 1636 Minonite Road, Rosenberg, Texas 77469, United States around 2022. Published consideration for 1636 Minonite Road, Rosenberg, Texas 77469, United States is $5.5M, dated 2022. Cite this Marcus & Millichap Capital Corporation Facilitates $5.5M Loan For Retail Property In Rosenberg loan when underwriting similar retail product around Richmond, Texas.
Players
Richmond Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93