Aqua Texas Inc Acquires 1.53 Acres Of Land In Magnolia From CamCon Properties LLC
32602 Fm 2978, Magnolia, Texas 77354, United States
Building Size
—
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
Located in Magnolia, the property at 32602 FM 2978 has recently been sold. Spanning across 1.53 acres, the land offers ample space for various possibilities. The transaction took place on June 13, 2022, and Aqua Texas Inc acquired the property from CamCon Properties LLC.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: 32602 FM 2978
- Market: Magnolia
- Size: 1.53 acres
Representing Aqua Texas Inc in the deal was David Boatner from Connect Realty. On the other hand, Jeff Lokey from NewQuest Properties acted as the seller's representative for CamCon Properties LLC.
On the Map
Players
Magnolia 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