Vince Knipp Facilitates Sale Of Retail Property In Conroe For 9,288 SF
16708 Farm to Market 1485, Conroe, TX 77306, USA
Building Size
9,288 SF
Asset Type
Retail
Closing
Nov 30, 2021
About this deal
AI
Located at 16708 FM 1485 in Conroe, this retail property was recently sold. The transaction took place on 11/30/2021 and was facilitated by Vince Knipp of Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Square Footage: 9,288
Vince Knipp, representing Marcus & Millichap, played a crucial role in the sale of this property.
Traded’s record for 16708 Farm to Market 1485, Conroe, TX 77306, USA in Conroe, Texas covers a retail sale from 2021. The building is 9,288 square feet, implying about 0 per square foot on the published price. Vincent Knipp, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Conroe, Texas file for the 16708 Farm to Market 1485, Conroe, TX 77306, USA retail sold: pricing, party profiles, and other closed retail comps from the same Conroe sit in the Market section below. Filter that Conroe retail set by closing date to see what else sold near 16708 Farm to Market 1485, Conroe, TX 77306, USA around 2021. Cite this Vince Knipp Facilitates Sale Of Retail Property In Conroe For 9,288 SF sale when underwriting similar retail product around Conroe, Texas.
Conroe 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