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
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.
Rockwall 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