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23780 Loop 494

Mike Panjwani Sells StarStop Convenience Store In Porter Represented By Sai Thakor Of CBRE
SOLDRetail

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

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.

Players

Sai Thakor

CBRE

Broker

$80.6M

vol

26 deals

Broker
CBRE
CBREBrokerage

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