Local Investor Acquires La Porte Plaza Retail Center In La Porte Texas Represented By Justin Miller
112 State Highway 146
Building Size
20,477 SF
Asset Type
Retail
Closing
Jun 29, 2026
About this deal
AI
A local investor has acquired La Porte Plaza, a multi-tenant retail center located at 112 TX-146, La Porte, Texas. The center consists of 20,477 square feet and is situated on a 2.3-acre property. The transaction was completed on June 29, 2026, though the purchase price remains undisclosed.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Square Footage: 20,477
- Address: 112 TX-146
- Market: La Porte, TX
- Acres: 2.3
- Broker: Justin Miller - Marcus & Millichap
Justin Miller represented the seller in the transaction while also procuring the buyer. The deal facilitated the transfer of ownership from an out-of-state investor to the local investor, marking a significant shift in the management of La Porte Plaza.
On the Map
Retail
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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