Nickson Industrial Warehouses Acquires 3.9 Acres Of Land In Tomball From Tomball Economic Development Corporation (TEDC)
21240 Spell Road, Tomball, Texas 77375, United States
Building Size
—
Asset Type
—
Closing
Apr 20, 2022
About this deal
AI
A 3.9-acre parcel of land located at 21240 & 21242 Spell Circle in Tomball has been sold. The transaction took place on April 21, 2022. The property was acquired by Nickson Industrial Warehouses from the Tomball Economic Development Corporation (TEDC). The land is situated in the Tomball market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified in the provided information
- Address: 21240 & 21242 Spell Circle
- Market: Tomball
- Acres: 3.9
Representing the buyer, Nickson Industrial Warehouses, ACC Realty, LLC facilitated the transaction. Tom Condon, Jr. from Colliers acted as the representative of the seller, Tomball Economic Development Corporation (TEDC).
On the Map
Players
Tomball CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas sales on Traded.
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