Marcus & Millichap Sells Midlothian Retail Property On George Hopper Road
1141 George Hopper Rd, Midlothian, TX 76065, USA
Building Size
28,160 SF
Asset Type
Retail
Closing
Aug 26, 2020
AI
The retail property located at 1141 George Hopper Road in Midlothian has been sold. The transaction took place on August 27, 2020. The property spans an area of 2,816 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The deal was facilitated by James W. Pickett III and Vincent Knipp, who represented the buyer and seller respectively. They are affiliated with Marcus & Millichap brokerage firm.
Midlothian Retail Market Snapshot
Boundary boundary · Retail · Sale 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