Vincent Knipp Represents Sale Of Retail Property In Heath
203 Laurence Dr, Heath, TX, USA
Building Size
6,100 SF
Asset Type
Retail
Closing
Nov 29, 2021
About this deal
AI
203 Laurence Dr in Heath has been sold in a recent transaction. The retail property spans approximately 6,100 square feet, making it a sizable asset in the market. The sale was facilitated by Vincent Knipp from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
Vincent Knipp from Marcus & Millichap played a crucial role as the broker in this transaction. Their expertise helped facilitate the sale of 203 Laurence Dr in Heath.
Traded’s record for 203 Laurence Dr, Heath, TX, USA in Rockwall, Texas covers a retail sale from 2021. The building is 6,100 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 Rockwall, Texas file for the 203 Laurence Dr, Heath, TX, USA retail sold: pricing, party profiles, and other closed retail comps from the same Rockwall sit in the Market section below. Filter that Rockwall retail set by closing date to see what else sold near 203 Laurence Dr, Heath, TX, USA around 2021. Cite this Vincent Knipp Represents Sale Of Retail Property In Heath sale when underwriting similar retail product around Rockwall, Texas.
Rockwall 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