Black Flag Properties Acquires 12.86 Acres Of Land In Willis With Reps Joe Moody & Shaffer Braun
16245 Texas 75, Willis, TX, USA
Building Size
—
Asset Type
—
Closing
Nov 15, 2021
About this deal
AI
The property involved in this transaction is a land asset located at 16245 N. Highway 75 in Willis. The property spans approximately 12.86 acres and was sold on November 15, 2021.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not provided
- Address: 16245 N. Highway 75
- Market: Willis
- ACRES: 12.86
The buyer of this property is Black Flag Properties. Representing the buyer's side is Joe Moody from Black Flag Properties. On the seller's side, Shaffer Braun from NAI Partners served as the seller's representative.
On the Map
Players
Willis 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