Marcus & Millichap Sells Fully Leased Windcrest Village Square Retail Center In Magnolia For Unspecified Amount
9533 Fm 1488
Building Size
14,907 SF
Asset Type
Retail
Closing
May 7, 2025
AI
9533 Fm 1488 is a retail center located in Magnolia, TX, encompassing a total of 14,907 square feet and situated on 1.6 acres. The property is fully leased and features tenants such as The Toasted Yolk and Anytime Fitness. The building was constructed in 2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 14,907 SF
- Address: 9533 Fm 1488
- Market: Magnolia
- Acres: 1.6
- Seller's Agents: Allie Munday & Philip Levy - Marcus & Millichap
Allie Munday and Philip Levy, representing the seller, facilitated the transaction through Marcus & Millichap, which arranged the sale of Windcrest Village Square. The center's tenant mix includes several established brands, contributing to its fully leased status.
Players
Magnolia 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