Mike Panjwani Sells StarStop Convenience Store In Porter Represented By Sai Thakor Of CBRE
23780 Loop 494
Building Size
27,007 SF
Asset Type
Retail
Closing
Sep 22, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 23780 Loop 494 in Porter, Texas. The facility encompasses a total area of 27,007 square feet. The seller of the property is Mike Panjwani.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 23780 Loop 494
- Market: Porter
- Seller: Mike Panjwani
- Broker: Sai Thakor - CBRE
This successful transaction was completed by CBRE’s National Gas Stations & Travel Centers team on behalf of the seller. The buyer is a growing operator modernizing its presence in the Texas market.
On the Map
Retail
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Players
Porter 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93