SOLDRetail
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
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.
Conroe Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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