Vincent Phan Acquires Retail Asset In Rockport From Vicki Prince For 3.77% Cap Rate
SOLD
Texas
See Similar DealsRetail2,376 SF
Sold 12/05/2024
SOLD
Vincent Phan Acquires Retail Asset In Rockport From Vicki Prince For 3.77% Cap Rate
1302 Hwy 35 N
See Similar DealsRetail2,376 SF
Sold 12/05/2024
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,376 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 1302 Hwy 35 N in Rockport. This retail asset spans 2,376 square feet and was subject to a McDonald's Corporate Ground Lease. The deal closed at a cap rate of 3.77%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1302 Hwy 35 N
- Market: Rockport
- Square Footage: 2,376
- Buyer: Vincent Phan
- Seller: Vicki Prince
- Broker Representatives: Sam Noe & John Paine - Marcus & Millichap
The key individuals involved in this transaction include the buyer, Vincent Phan, and the seller, Vicki Prince. Brokers Sam Noe and John Paine of Marcus & Millichap represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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