Joe Santelli Of The Santelli Group - Marcus & Millichap Sells Retail Property In Roanoke, TX
856 Northwest Parkway, Roanoke, Texas 76262, United States
Building Size
14,850 SF
Asset Type
Retail
Closing
Jan 17, 2022
About this deal
AI
Joe Santelli of The Santelli Group, representing Marcus & Millichap, facilitated the sale of a retail property located at 856-860 TX-114 in Roanoke, TX. The transaction took place on January 18, 2022. The property spans approximately 14,850 square feet and was sold to an undisclosed buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Market: Roanoke, TX
- Address: 856-860 TX-114
- Broker: Joe Santelli - The Santelli Group - Marcus & Millichap
The sale of this retail property adds to Joe Santelli's successful track record in the real estate market. Santelli, representing The Santelli Group under Marcus & Millichap, has been instrumental in connecting buyers and sellers for profitable transactions. The involvement of an undisclosed buyer showcases the confidentiality maintained throughout the deal. This transaction highlights the strong demand for retail properties in Roanoke, TX.
On the Map
Retail
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Roanoke 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