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19835 Telge Road, Tomball, ...

Stockton Foundation Acquires 165 Acres Of Land In Cypress From Williams Family Tomball Land, LLC
SOLD

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

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.

Players

Tommy LeBlanc

MLB Commercial Real Estate

Broker

4 deals

Broker

Williams Family

Seller

$25.1M

vol

4 deals

Seller

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