Katie's Express Car Wash Acquires Development Site In Graham, TX
1314 TX-16, Graham, TX 76450, USA
Building Size
94,525 SF
Asset Type
—
Closing
Dec 2, 2022
About this deal
AI
A development site in Graham, TX has been sold in a recent transaction. The property is located at 1314 TX-16 and spans approximately 94,525 square feet with a building square footage of 6,000. The buyer of the property is Katie's Express Car Wash, while the seller is Estacado Interests. The transaction was facilitated by broker Noah Williams of Davidson Bogel.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 1314 TX-16
- Market: Graham, TX
- Building Square Footage: 6,000
- Total Square Footage: 94,525
Noah Williams, the broker from Davidson Bogel, played a pivotal role in the sale of this development site. Williams holds the record for the highest price per square foot land sale in Young County and the City of Graham, Texas. This makes him highly regarded in the area, as he brings a wealth of experience and knowledge to the table.
Players
Graham CRE Market Snapshot
Boundary boundary · CRE · 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