Stockton Foundation Acquires 165 Acres Of Land In Cypress From Williams Family Tomball Land, LLC
19835 Telge Road, Tomball, Texas 77377, United States
Building Size
—
Asset Type
—
Closing
Mar 9, 2023
About this deal
AI
A 165-acre land located at 19835 Telge Road in Cypress has been sold in a recent transaction. The property, which falls under the category of Land, was sold on 03/10/2023.
Summary of transaction details
- Property Type: Land
- Transaction Amount: N/A
- Address: 19835 Telge Road
- Market: Cypress
- Acres: 165
The buyer in this transaction was Stockton Foundation, Inc, while the seller was Williams Family Tomball Land, LLC. The buyer's representatives, Tommy LeBlanc & John-Michael Kamel from Avison Young, facilitated the deal. The seller was represented by Wyatt Williams.
On the Map
Players
Tomball 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